Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).

Assertion (A): During 2023-24, Singapore emerged as the largest source of FDI to India.
Reason (R): The India Mauritius Tax Treaty amendment has brought a major shift in countries as major sources of FDI to India.

Select the correct answer from the codes given below :

A) Both (A) and (R) are true, but (R) is not the correct explanation of (A)

B) (A) is false, but (R) is true

C) Both (A) and (R) are true and (R) is the correct explanation of (A)

D) (A) is true, but (R) is false

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 2024 (GS Paper I)