SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Competition
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Price war
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Quality
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None of the above
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Detailed explanation-1: -Explanation: MNC stands for multinational cooperation. Hence, option (d) is considered correct because MNCs increase all of the mentioned options. They surely increase competition.
Detailed explanation-2: -Thus, It is ITC which is not a MNC. The HTET Additional Results released on 29th December 2022 on the official website.
Detailed explanation-3: -Which of the following statements is not correct about MNCs? a)MNCs set up production jointly with local companiesb)MNCs can provide money for additional investmentsc)MNCs do not bring with them the latest technology for productiond)MNCs set up factories for productionCorrect answer is option ‘C’.
Detailed explanation-4: -Some of the advantages of Multinational companies (MNC’s) are 1) it will help in increasing the trade of the nation 2) It will help in improving the economy of a nation 3) It will increase employment opportunities for the people of a nation.