Read the following statements below to give the correct answer.
 
1. 
Assertion (A): A soft iron bolt attracts steel pins only while electric current is flowing through the coil wound around it.
Reason (R): Soft iron becomes magnetised due to the magnetic field produced by a current-carrying coil.
 
2. 
Assertion (A): An electromagnet retains its magnetism for a long time after the current is switched off.
Reason (R): Soft iron loses its magnetism quickly when the magnetic field is removed.