Assertion: In the politics of most countries it is common to hear references to parties and groups with a Left or Right ideology or leaning.

Reason: These terms characterize the position from where the leaders prefer to deliver their speeches depending upon the crowd gathered.

The Assertion is correct but the Reason is incorrect.

The correct answer is Option 4 - The Assertion is correct but the Reason is incorrect.

Assertion: In the politics of most countries it is common to hear references to parties and groups with a Left or Right ideology or leaning.

Reason: These terms characterize the position from where the leaders prefer to deliver their speeches depending upon the crowd gathered.

CORRECTION IN REASON: These terms characterise the position of the concerned groups or parties regarding social change and role of the state in effecting economic redistribution. 

In the politics of most countries, you will always come across references to parties and groups with a left or right ideology or leaning (Assertion). These terms characterise the position of the concerned groups or parties regarding social change and role of the state in effecting economic redistribution. Left often refers to those who are in favour of state control of the economy and prefers state regulation over free competition. The right refers to those who believe that free competition and market economy alone ensure progress and that the government should not unnecessarily intervene in the economy.