Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R.
Assertion (A): The Peshwas imposed their writ over the sardars, made over conquered territories to their own nominees and relentlessly extended the circle of areas on which chauth and sardeshmukhi were imposed.
Reason (R): The Peshwas combined professed loyalties to two sovereigns, the Chhatrapati and the Mughal Emperor, and actual autonomy from both.
In light of the above statements, choose the correct answer from the options given below:
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. (A) is false but (R) is true