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) Loco price is the lowest price quotation. Reason (R) Loco price refers to the cost of all the manufactured goods. 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