Consider the following statements and select the correct answer from the code given below:
Assertion (A): State Finance Commission is a constitutional body.
Reasons (R): Union Finance Commission cannot recommend financial assistance to panchayats.
(a) Both (A) and (R) are true and (R) is correct explanation or (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.