Correct Answer: (B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

Step 1 - Check the Assertion:

True. Disinvestment means the government selling part or all of its shareholding in public sector undertakings to private buyers.

Step 2 - Check the Reason:

True. Workers do fear job losses, because private owners usually cut the workforce to reduce costs. Many ancillary industries also shut down.

Step 3 - Check the link:

The fear of workers is a consequence of disinvestment, not its cause. The government disinvests to raise revenue and improve efficiency, not because workers are afraid.

Hence, option (B) is correct.