Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) The private proprietorship is replaced by social ownership as and when we move from a capitalist system to a socialist system. Reason (R) Under socialism properties are managed by the state. Codes

• A.  Both A and R are true and R is the 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.