Consider the following statements and select the correct answer from the code given below:

Assertion (A): State Finance Commission is a constitutional body.
Reason (R): Union Finance Commission cannot recommend financial assistance to panchayats.

Codes:

A) Both (A) and (R) are true and (R) is 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

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 2015 (GS Paper I)