In this scenario, the charges are positioned symmetrically on both halves of the ring. Consequently, their electric fields at the center will nullify each other in directions orthogonal to the line connecting the charges. Therefore, the net electric field at point O lies along the axis OC, as the symmetry of the charge distribution guarantees a non-zero field in this specific direction.
Conversely, the total electric potential at O is indeed zero. This is attributable to the potential generated by the positive charges and negative charges at the ring's center canceling each other out symmetrically, resulting in a net potential of zero at O. Hence, the justification provided in (R) is inaccurate.
Consequently, the assertion (A) is accurate, while the reason (R) is false.