Consider the following statements and select the correct answer from the code given below :

Assertion (A): State Finance Commission is a constitutional body.

Reason (R): Union Finance Commission cannot recommend financial assistance to panchayats.

1
Both (A) and (R) are true and (R) is correct explanation of (A).
2
Both (A) and (R) are true, but (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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