Economics · Indian Economy on the Eve of Independence

Select the correct option regarding the following two statements labelled Assertion (A) and Reason (R). Assertion (A): The stagnation in the agricultural sector during colonial rule was caused mainly because of the various systems of land settlement introduced by the British government. Reason (R): India's economy under British colonial rule remained fundamentally agrarian — about 85% of the country's population lived mostly in villages and derived their livelihood directly or indirectly from agriculture.