Assertion (A): Aluminium acts as a reducing agent in thermite process.
Reason (R): Highly reactive metals such as Na, Ca, Al, etc., can be used as reducing agents to displace metals of lower reactivity from their compound.
Fe2O3(s)+2Al (s)→2Fe (l)+Al2O3(s)+Heat
Al acts as a reducing agent in this reaction. So, assertion is true.
Highly reactive metals such as Na, Ca, Al, etc. are at the top of the reactivity series and can be used as reducing agents to displace metals of lower reactivity from their compounds. So, reason is also true and it is the correct explanation of assertion.