Assertion (A): Privatisation process leads to change in management with change in ownership

Reason (R): Change in management is not a necessary condition for the process of privatization.
Which one of the following is correct combination?
Codes:

A

Both (A) and (R) are correct
B

(A) is correct, but (R) is incorrect
C

(A) is incorrect, but (R) is correct
D

Both (A) and (R) are incorrect

Question