The correct answer is: C. A is true, but R is false.
Mahanadi is called as the lifeline of Chhattisgarh because it is the main source of water for irrigation, drinking, and industrial purposes in the state. It is also a major source of hydroelectric power. However, it is not the only river in Chhattisgarh. There are several other rivers in the state, including the Indravati, the Hasdeo, and the Seonath.
The reason given in the question is not a correct explanation of the assertion. The assertion is true because Mahanadi is a major source of water for Chhattisgarh, but the reason given is not the only reason why Mahanadi is important to the state.