GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below
A
Availability of cheap skilled and unskilled labour
B
Proximity to markets
C
Presence of a large number of local competitors
D
Favourable government policies
Explanation: 

Detailed explanation-1: -"MNCs keep in mind certain factors before setting up production". Such factors are: Availability of cheap skilled and unskilled labour, Proximity to markets, Favourable government policies etc. The option which is incorrect among the given choices is the Presence of a large number of local competitors.

Detailed explanation-2: -To set up an MNC main criterion is availability of cheap labour resources.

Detailed explanation-3: -Availability of cheap labour and other resources: Partnership with local companies: Favourable Government Policy:

Detailed explanation-4: -By using the local companies for supplies. By setting up partnerships with local companies. By closely competing with the local companies or buying them up.

There is 1 question to complete.