$STATEMENT-1$ $A$ vertical iron rod has a coil of wire wound over it at the bottom end. An alternating current flows in the coil. The rod goes through a conducting ring as shown in the figure. The ring can float at a certain height above the coil. Because
$STATEMENT-2$ In the above situation,a current is induced in the ring which interacts with the radial component of the magnetic field to produce an average force in the upward direction.

• A
  Statement-$1$ is True,Statement-$2$ is True; Statement-$2$ is a correct explanation for Statement-$1$.
• B
  Statement-$1$ is True,Statement-$2$ is True; Statement-$2$ is $NOT$ a correct explanation for Statement-$1$.
• C
  Statement-$1$ is True,Statement-$2$ is False.
• D
  Statement-$1$ is False,Statement-$2$ is True.