In the given question, a statement of Assertion is followed by a statement of Reason. Mark the correct answer.

Assertion: According to the Human Development Report 2016, the HDI rank of South Korea is 18.

Reason: Successful land reforms, rural development, extensive human resources development, and rapid equitable economic growth are responsible for its high human development.

Both the Assertion and the Reason are correct and the Reason is the correct explanation of the Assertion.

The correct answer is Option 1 -  Both the Assertion and the Reason are correct and the Reason is the correct explanation of the Assertion.

Assertion: According to the Human Development Report 2016, the HDI rank of South Korea is 18.

Reason: Successful land reforms, rural development, extensive human resources development, and rapid equitable economic growth are responsible for its high human development.

Signalling its all-round development, South Korea became a Member of the OECD in 1996. In 2017, its economy is the eleventh largest in the world and its military expenditure is the tenth largest. According to the Human Development Report 2016, the HDI rank of South Korea is 18. The major factors responsible for its high human development include “successful land reforms, rural development, extensive human resources development and rapid equitable economic growth.” Other factors are export orientation, strong redistribution policies, public infrastructure development, effective institutions and governance. The South Korean brands such as Samsung, LG and Hyundai have become renowned in India. Numerous agreements between India and South Korea signify their growing commercial and cultural ties. Find out about major agreements signed in the recent past.