Class 10 Exam > Class 10 Questions > Find the incorrect option:a)MNCs play an imp...
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Find the incorrect option:
- a)MNCs play an important role in the liberalization process.
- b)MNCs control production in more than one country.
- c)MNCs compete with the local producers directly.
- d)MNCs set up their production units close to the market.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Find the incorrect option:a)MNCs play an important role in the libera...
MNCs set up production worldwide where cheap labour is available, where markets are near, and where government policies look after their interests. Since the MNCs are producing as well as selling in many countries, they are interlinking the economies of these countries and thus speeding up globalization.
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Find the incorrect option:a)MNCs play an important role in the libera...
MNCs play an important role in the liberalization process.
MNCs, or multinational corporations, refer to companies that have operations in multiple countries. They play a significant role in the process of liberalization, which involves opening up markets and reducing restrictions on trade and investment. MNCs contribute to the liberalization process in several ways, such as:
1. Foreign Direct Investment (FDI): MNCs often invest in foreign countries by establishing subsidiaries, joint ventures, or acquiring local companies. This influx of FDI helps stimulate the recipient country's economy, create employment opportunities, and promote economic growth.
2. Technological Transfer: MNCs bring advanced technologies, know-how, and managerial practices to the countries where they operate. This transfer of technology contributes to the modernization and development of industries in the host country.
3. Market Expansion: MNCs have the capability to tap into multiple markets around the world. By entering new markets, they create competition and provide consumers with a wider range of choices. This increases market efficiency and promotes innovation.
4. Employment Generation: MNCs often provide employment opportunities in the host country. They hire local workers, which helps reduce unemployment rates and improve living standards. Additionally, MNCs offer training and skill development programs, enhancing the human capital of the workforce.
5. Infrastructure Development: MNCs often invest in the development of infrastructure, such as transportation, communication, and energy systems, in the countries where they operate. This infrastructure development benefits not only the MNCs but also the host country by improving connectivity and facilitating trade.
Incorrect Option: MNCs play an important role in the liberalization process.
The incorrect option is A) "MNCs play an important role in the liberalization process." This statement is incorrect because MNCs do play a crucial role in the liberalization process, as explained above. MNCs contribute to the opening up of markets, promote economic growth, and facilitate technology transfer. Therefore, option A is incorrect, and the correct answer is not A but some other option.
MNCs, or multinational corporations, refer to companies that have operations in multiple countries. They play a significant role in the process of liberalization, which involves opening up markets and reducing restrictions on trade and investment. MNCs contribute to the liberalization process in several ways, such as:
1. Foreign Direct Investment (FDI): MNCs often invest in foreign countries by establishing subsidiaries, joint ventures, or acquiring local companies. This influx of FDI helps stimulate the recipient country's economy, create employment opportunities, and promote economic growth.
2. Technological Transfer: MNCs bring advanced technologies, know-how, and managerial practices to the countries where they operate. This transfer of technology contributes to the modernization and development of industries in the host country.
3. Market Expansion: MNCs have the capability to tap into multiple markets around the world. By entering new markets, they create competition and provide consumers with a wider range of choices. This increases market efficiency and promotes innovation.
4. Employment Generation: MNCs often provide employment opportunities in the host country. They hire local workers, which helps reduce unemployment rates and improve living standards. Additionally, MNCs offer training and skill development programs, enhancing the human capital of the workforce.
5. Infrastructure Development: MNCs often invest in the development of infrastructure, such as transportation, communication, and energy systems, in the countries where they operate. This infrastructure development benefits not only the MNCs but also the host country by improving connectivity and facilitating trade.
Incorrect Option: MNCs play an important role in the liberalization process.
The incorrect option is A) "MNCs play an important role in the liberalization process." This statement is incorrect because MNCs do play a crucial role in the liberalization process, as explained above. MNCs contribute to the opening up of markets, promote economic growth, and facilitate technology transfer. Therefore, option A is incorrect, and the correct answer is not A but some other option.
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Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer?.
Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Find the incorrect option:a)MNCs play an important role in the liberalization process.b)MNCs control production in more than one country.c)MNCs compete with the local producers directly.d)MNCs set up their production units close to the market.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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