Consider the following assertion followed by reason and choose correct code given below -Assertion (A): The current account deficit has declined from 1.0 per cent of GDP in 201517 to reach about 0.3 per cent of GDP in the first half of 2016-17.Reason (R): Gold import declined in 201516 followed by decline in first half of 2016-17.

• A. Assertion and reason are correct and reason is the correct explanation of assertion
• B. Assertion and reason are correct and reason is not the correct explanation of assertion
• C. Assertion is correct but reason is incorrect
• D. Assertion is incorrect but reason is correct