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

Assertion (A) : Planning Commission has been defined as the economic cabinet, not merely for the Union but the States also.

Reason (R) : It formulates the five-year plans for the balanced utilization of natural resources.

In context of the above statements, which one of the following is correct?

Code :

U.P.P.C.S. (Mains) 2010