Bureau of Indian Standards (BIS): It is an institution for setting up the standard for making and producing various products and enforcing them.
Indian Standard Institution (ISI) : It is an institution whose headquarter is located in New Delhi. It lays down the standards for industrial and consumer goods on a scientific basis. It certifies the goods which meet these standards.
Standardization: Maintaining quality, grades, size and constituents of the product is called standardization.
Agmark: Agmark sign is an assurance of conformity to the specification while producing the commodity. It is meant for agricultural products.
Limited Competitions: It signifies a situation when there is only one producer or a group of producers who are in position to control the supply of goods.