Given below are two statements one is labelled as Assertion (A) and other as Reason (R) :

Assertion (A) : The President of India determines the qualifications of the Chairman and Members of the Finance Commission.
Reason (R) : Chairman and members are appointed by the President of India.

Select the correct answer using the codes given below.
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 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 2021 (GS Paper I)