Given below are two statements, one labelled as Assertion (A

Economics

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Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).

Assertion (A) : Though India's National Income has gone up several fold since 1947, there has been no marked improvement in the Per Capita Income level.

Reason (R) : Sizeable proportion of the population of India is still living below the poverty line. In the context of the above two statements which one of the following is correct?

I.A.S. (Pre) 1996

[Economic Development - Nature, GDP]

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true but (R) is not a correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

EXPLANATION

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