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Assertion: The Act of Union 1707 led to the formation of the “United Kingdom of Great Britain”.
Reason: The British Parliament was henceforth dominated by its English members.
A. Both Assertion and Reason are correct and Reason is the correct explanation for Assertion.
B. Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion.
C. Assertion is correct but Reason is incorrect.
D. Both Assertion and Reason are incorrect.

Answer
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Hint: The Act of Union (1707) between England and Scotland, which culminated in the establishment of the 'United Kingdom of Great Britain,' effectively enabled England to exert control over Scotland.

Complete answer:
Both statements are true. The United Kingdom of Great Britain was established in 1707 as a result of the Act of Union. Previously, the kingdom of England and the kingdom of Scotland were two independent states under the same ruler. These two were merged into a single kingdom known as Great Britain. This act also concluded that England would exert control over Scotland, and as a result, the British parliament was controlled by Englishmen from then on.
Option A) Both Assertion and Reason are correct and Reason is the correct explanation for Assertion: It is true because The Act of Union 1707 led to the formation of the “United Kingdom of Great Britain” and the British Parliament was henceforth dominated by its English members.

Option B) Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion: This is incorrect because the Reason is the correct explanation for Assertion.

Option C) Assertion is correct but Reason is incorrect: This is incorrect because both the statements are true.

Option D) Both Assertion and Reason are incorrect: This is incorrect because both the statements are correct.

Hence the correct answer is option A.

Note: In 1707, the English and Scottish Parliaments passed the Acts of Union, which resulted in the formation of the United Kingdom of Great Britain on May 1st of that year. In October 1707, the United Kingdom's Parliament convened for the first time.