Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R). **Assertion (A):** The Government of India restructured the National Investment Fund (NIF) in 2013 to allow its utilization for capital expenditure in social sector schemes. **Reason (R):** The original guidelines of NIF restricted the use of disinvestment proceeds, allowing only the income earned from the fund to be spent. Select the correct answer using the codes given below:

Options:

  • A: Both A and R are true but R is not the correct explanation of A.
  • B: Both A and R are true and R is the correct explanation of A.
  • C: A is true but R is false.
  • D: A is false but R is true.

Related Practice Questions: