The correct option is A Both Assertion and Reason are correct and Reason is the correct explanation for Assertion.
Plasma membrane is the outer covering of all cells but it is present below the cell wall in plant cells. It is composed of phospholipid bilayer structure with embedded proteins and gives the mosaic-like appearance. The lipid molecules give fluidity and elasticity to the membrane and membrane protein gives semi-permeability to the membrane. Plasma membrane is also selectively or differentially permeable. It allows free transport of solvent, i.e., water across it but will not allow free transport of solute particles. For solute particles the plasma membrane is selectively or differentially permeable, i.e., it will allow only selected solute particles to pass through and will have differential permeability for different solute particles. Thus, the correct answer is option A.