Assertion(A): Most of the industrialised nations are rich financially but poor in biodiversity and traditional knowledge whereas it is opposite in case of developing and underdeveloped countries.
Reason(R): Traditional knowledge related to bio-resources can be exploited to develop modern applications and can also be used to save time, effort and expenditure during their commercialisation.
1. Both (A) and (R) are true and (R) is the correct explanation of (A).
2. Both (A) and (R) are true but (R) is not the correct explanation of (A).
3. (A) is true but (R) is false.
4. Both (A) and (R) are false.