(b) The Asiatic Society was founded by William Jones on 15th January 1784 during the period of Warren Hastings. Hastings modestly declined the offer of Presidentship of this Society in favour of Sir William Jones. Warren Hastings was a great scholar and an ardent orientalist who used to encourage the study of Sanskrit, Persian and Arabic. He took an interest in translating the Bhagavad Gita into English. Hence, both statements are true, but (R) is not the correct explanation of (A).