Read the statements (A) and (R) and choose the correct option:

Assertion (A):

The English East India company made enormous profits by Indian trade.

Reason (R):

They collected revenues from Indian peasants and zamindars to buy Indian textiles.

1
Both (A) and (R) are correct and (R) is the correct explanation of (A)
2
Both (A) and (R) are correct and (R) is not the correct explanation of (A)
3
(A) is true, but (R) is false
4
(A) is false, but (R) is true

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