Given below are two statements, one labeled as Assertion (A) and the other as Reason (R). **Assertion (A):** The Lok Sabha enjoys absolute supremacy over the Rajya Sabha in financial matters, particularly regarding Money Bills. **Reason (R):** The Lok Sabha is a directly elected popular chamber, and the principle of 'no taxation without representation' demands that the power of the purse must rest with the representatives of the people. Select the correct answer using the codes given below:

Options:

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

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