Which one of the following statements is an appropriate description of deflation ?

  • It is a sudden fall in the value of a currency against other currencies
  • It is a persistent recession in both the financial and real sectors of economy
  • It is a persistent fall in the general price level of goods and services
  • It is a fall in the rate of inflation over a period of time

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The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :
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  • 2. Promotion of investment from foreign sources.
  • 3. Promotion of exports of services only.
Which of the above are the objectives of this Act ?
In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a "Trade Mark" and a Geographical Indication is/are:
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  • 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 
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Recently, there has been a concern over the short supply of a group of elements called 'rare earth
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  • 1. China, which is the largest producer of these elements, has imposed some restrictions on their export.
  • 2. Other than China, Australia, Canada and Chile, these elements are not found in any country.
  • 3. Rare earth metals are essential for the manufacture of various kinds of electronic items and there is a growing demand for these elements.
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With reference to the guilds (Shreni) of ancient India that played a very important role in the country's
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  • 2. The wages, rules of work, standards and prices were fixed by the guild.
  • 3. The guild had judicial powers over its own members.
Select the correct answer using the codes given below :

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Which one of the following statements is an appropriate description of deflation ?
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