GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Choose the incorrect statement.
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MNCs have increased their investments in India over the past 20 years, which means investing in India has been beneficial for them.
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Globalisation and greater competition among producers-both local and foreign producers-has been of advantage to consumers, particularly the well-off sections in the urban areas.
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Government has also allowed flexibility in the labour laws to attract foreign investment.
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several of the top Indian companies have been able to drawback from the increased competition. They have invested in newer technology and production methods and raised their production standards.
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Explanation:
Detailed explanation-1: -Top Indian companies have benefit from increased competition. They have invested in newer technology and production methods and raised their production standards. 5. Some Indian companies have gained from successful collaborations with foreign companies.
Detailed explanation-2: -The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries.
There is 1 question to complete.