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Statement I: Some of the developing countries have embarked successfully on a process of rapid industrialization. Statement II: They are referred to as the Newly Industrializing Countries.

Statement I:Some of the developing countries have embarked successfully on a process of rapid industrialization
Statement II:They are referred to as the Newly Industrializing Countries
ABoth Statement 1 and Statement 2 are correct
BBoth Statement 1 and Statement 2 are incorrect
CStatement 1 is correct but Statement 2 is incorrect
DStatement 1 is incorrect but Statement 2 is correct
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