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Q.

Choose the given statement that is true/false:

MNCs' own production in one country.

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a

True

b

False

answer is B.

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Detailed Solution

The given statement is false.
As the name suggests, multinational corporations work in different nations. The MNCs are an output of the process of globalisation. MNCs collaborate with local firms and provide them with enough funds to invest in their desired way. In India, globalisation was an outcome of the New Economic Reforms introduced in 1991. It was ordered by the International Monetary Fund (IMF) that if India wants to have financial help, the nation must open its economy to the rest of the world. MNCs own production in more than one country.

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Choose the given statement that is true/false:MNCs' own production in one country.