Concept:
A population has several measurable attributes such as birth rate, death rate, sex ratio and age distribution.
Step 1: Check Assertion.
Birth, death and sex ratio are important population attributes.
\[
A \text{ is correct}
\]
Step 2: Check Reason.
At any given time, a population consists of individuals of different age groups.
\[
R \text{ is correct}
\]
Step 3: Check explanation.
Reason explains age distribution, but it does not directly explain all the population attributes such as birth, death and sex ratio.
\[
R \text{ is not the correct explanation of } A
\]
\[
\therefore \text{Correct Answer is (B)}
\]