From the following statements of Assertion (A) and Reasoning (R), indicate the correct code:

Assertion (A): Industrial Liberalization became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries.

Reasoning (R): Industrial development and curbing of poverty is only possible through government intervention.

Codes:

A

(A) and (R) both are correct
B

(A) is correct but (R) is not the correct explanation of (A)
C

(A) is correct and (R) is correct explanation of (A).
D

(A) is not correct but (R) is correct.

Question