SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below
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Availability of cheap skilled and unskilled labour
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Proximity to markets
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Presence of a large number of local competitors
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Favourable government policies
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Explanation:
Detailed explanation-1: -The correct answer is option (c) Presence of a large number of local competitors. Explanation: A multinational corporation (MNC) is the one that has business operations in more than two countries.
Detailed explanation-2: -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-3: -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.