Read the extract given below and answer the questions that follow by selecting the correct/most appropriate option: Far below bowed the Ganga, quick and clear, above frowned the jutting bank. Hills dark with the wood and scarred with the torrents were gathered around. Govinda, the great teacher, sat on the rock reading scriptures. When Raghunath, his disciple, proud of his wealth came And bowed to him and said, "I have brought my poor wealth, unworthy of thy acceptance." Thus saying, he displayed before the teacher a pair of gold Bangles studded with costly gems and emeralds. The master took up one of them, twirling it around his finger, And the stones darted shafts of lights. Suddenly it slipped from his hand and rolled down the bank into the water. Question: Read the following statements: A. Raghunath believed that his master would be pleased to accept the gift of precious stones. B. Govinda was mightily pleased to receive the precious gift.

1. A is false and B is true
2. A is true and B is false
3. Both A and B are true
4. Both A and B are false