The assertion discusses the possibility of drawing isotactic polypropylene (POY) at a relatively high speed despite its high crystallinity. This is true because the isotactic nature of POY allows for faster processing and higher crystallinity without compromising the drawing speed.
The reason provided states that POY has a majorly smectic mesomorphic phase, which is also true. The smectic mesomorphic phase facilitates the high-speed drawing of POY because it allows the polymer chains to align easily under stress.
Thus, both the assertion and reason are true, and the reason is correctly explaining the assertion.
Final Answer:
\[
\boxed{\text{(A) Both [a] and [r] are true and [r] is the correct reason for [a]}}.
\]