SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Indian company was bought over by Cargill Foods-a large American MNC?
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Amul
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Britannia
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Agro Tech Foods Ltd.
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Parakh Foods
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Explanation:
Detailed explanation-1: -How were Parakh foods purchased by an American MNC? Answer: Cargill Foods, a very large American MNC, has taken over a smaller Indian company Parakh Foods. Parakh foods had five oil refineries whose control has now shifted to Cargill, who are now the largest producer of edible oils.
Detailed explanation-2: -2005. Acquires 100% stake in JV with Parakh Foods Ltd.; new BU formed ‘Refined Oils India. ‘
Detailed explanation-3: -For example, Cargill Foods, a very large American MNC, purchased small Indian company, Parakh foods.
Detailed explanation-4: -Cargill Foods, a very large MNC, is the largest producer of edible oil in India.
There is 1 question to complete.