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Read the source given below and answer the Answer the following MCQs by choosing the most questions that follows: questions that follows: appropriate option:
(d) all the above
Until the middle of the twentieth century,
(i) Until 19th century, what was used to be
(iv) Where do, generally, MNCs set up their finished products. Colonies such as India exported exported? production?
raw materials and food stuff and imported
(a) ready made products only
(a) where there are enough natural resources at finished goods. Trade was the main channel
(b) textile only high cost connecting distant countries. This was before
(c) raw material, food stuffs, finished products
(b) where there is a big international market large companies called multinational corporations
(d) none of the above
(c) where there is a cheap labour and other (MNCs) emerged on the scene. A MNC is a
(ii) What was the main channel connecting distant resources company that owns or controls production in countries in 19th century?
(d) in the countries which are rich more than one nation. MNCs set up offices and
(a) tourism
(b) trade factories for production in regions where they can
(c) colonialism
(d) foreign exchange get cheap labor and other resources. This is done
(iii) What is an MNC? so that the cost of production is low and the MNCs
(a) company which is operating within its national can earn greater profits. In general, MNCs set up limits production where it is close to the markets; where there is skilled and unskilled labour available at
(b) company which is exporting its products to low costs. foreign countries
(c) company that owns or controls production \( ++ \) more than one nation
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