46: Consider the following statements:
1. The Standard Mark of Bureau of Indian Standards (BIS) is mandatory for automotive tyres and tubes.
2. AGMARK is a quality Certification Mark issued by the Food and Agriculture Organisation (FAO).
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
47: Mohair is obtained from
(a) Angora goat
(b) Beetal goat
(c) Karakul sheep
(d) Lincoln sheep
48: Which of the following was the first to escape out of solar system?
(a) Pioneer 10
(b) Voyager I
(c) Voyager II
(d) Soyuz
49: Consider the following countries :
1. Brazil
2. Mexico
3. South Africa
According to UNCTAD, which of the above is/are categorized as "Emerging Economies"?
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Explanation:
Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. Currently, there are 28 emerging markets in the world, with the economies of China and India considered to be by far the two largest.
Examples of emerging markets include China, India, some countries of Latin America (particularly Brazil and Mexico), some countries in Southeast Asia, most countries in Eastern Europe, Russia, some countries in the Middle East (particularly in the Persian Gulf Arab States), and parts of Africa (particularly South Africa). Emphasizing the fluid nature of the category, political scientist Ian Bremmer fefines an emerging market as "a country where politics matters at least as much as economics to the Markets".
50: Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India ?
(a) Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process
(b) Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process
(c) Stabilization and structural adjustment are very similar and complementary policies. It is difficult to separate one from the other
(d) Stabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments
Explanation:
New Economic Policy of 1991 was initiated with an objective of stabilisation and structural adjustment in Indian Economy to tide over the problems of balance of payments, high fiscal deficit, double digit annual inflation rates etc. at that time. Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process