Identify the continent based on the following features: A) The Equator runs almost through the middle of this continent. B) A large part of this continent lies in the Northern Hemisphere.

Consider the following statements about Asia and choose the correct option: (A) World's largest hot desert is located in Asia. (B) The Equator passes through Asia. (C) Asia is the third-largest continent. (D) Asia lies in the Eastern Hemisphere.

Identify the continent from the given features A and B: A. It is the smallest continent that lies entirely in the Southern Hemisphere. B. It is also called an 'Island continent'.