Step 1: Understanding the Concept:
Recruitment and Selection are two distinct phases of the hiring process. Recruitment is the "positive" process of attracting candidates, while Selection is the "negative" process of picking the best ones.
Step 2: Detailed Explanation:
The Assertion is false because recruitment concludes with the creation of a pool of interested applicants, not with their "placement." Placement is a post-selection activity.
The Reason is also false because recruitment is concerned with searching for prospective employees and stimulating them to apply for jobs; "shortlisting" is actually the start of the Selection process.
Step 3: Final Answer:
The correct option is (d).