The correct option is A Both Assertion and Reason are correct and Reason is the correct explanation for Assertion.
Manetic force acts perpendicular to the direction of motion of charged particle. So, charged particles can be made to move in a circular arc before leaving the field tangential to the path. Thus, magnetic field can produce parallel beam of charged particles. Also, it will deflect the particles moving along the field. So, both assertion and reason are correct and reason is the correct explanation of assertion.