|Consider the following statements about the goals of the Convention on Biological Diversity (CBD|
|1. Conservation of biological diversity (or biodiversity).|
|2. Sustainable use of its components.|
|3. Fair and equitable sharing of benefits arising from genetic resources.|
|4. Conservation of biodiversity by stopping all form of geoengineering.|
|Which of the statements given above are correct?|
A) 1, 2 and 3
B) 1, 2 and 4
C) 2, 3 and 4
D) All of these
Correct Answer: A
Solution :[c] The guilds were voluntary associations of merchants dealing in the some type of commodity such as grains, textiles, horses etc. They were formed by both local as well as itinerant merchants. The guilds framed their own rules and regulations regarding the membership and the Code of Conduct. The Chief of the guild was elected by its members. He performed the functions of a Magistrate in deciding the economic affairs of the guild.
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