Step 1: Analyzing Assertion (A).
The photoelectric effect demonstrates the particle nature of light because it involves the interaction of light with matter in such a way that light is treated as a collection of particles (photons). According to Einstein's explanation, each photon carries energy proportional to its frequency. This energy is transferred to electrons, allowing them to escape from the surface of the material, thus demonstrating the particle nature of light.
Step 2: Analyzing Reason (R).
The photoelectric current is not proportional to the frequency of the incident radiation. In fact, the current is proportional to the intensity of the incident radiation (i.e., the number of photons striking the surface per unit time). The frequency of the radiation determines the energy of the emitted photoelectrons, but it is the intensity (not the frequency) that controls the photoelectric current. The reason provided in Statement (R) is incorrect.
Conclusion:
Assertion (A) is true because the photoelectric effect demonstrates the particle nature of light. However, Reason (R) is false because the photoelectric current is proportional to the intensity (not the frequency) of the incident radiation.