Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below.
Assertion (A): In 1991, as an immediate measure to resolve the Balance of Payments crisis, the rupee was devalued against foreign currencies.
Reason (R): Devaluation of currency was eminent, exchange reserves.
Alternatives: a)Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation ofAssertion (A). b) Both Assertion (A) and Reason (R) are true, but Reason (R) is explanation of Assertion (A). c) Assertion (A) is true, but Reason (R) is false. d) Assertion (A) is false, but Reason (R) is true.
