Tag: geography

A multinational corporation is an organisation which has its main headquarter in home country and operates with its subsidiaries in two or more countries. Microsoft has its main headquarters in Washington but has its subsidiaries all over the world.

A multinational corporation is an organisation which has its main headquarter in home country and operates with its subsidiaries in two or more countries. Coca-Cola has its main branch in Georgia but has many subsidiaries spread all over the world.

Option II and III are correct; option C is the correct answer.

Reason:- Improvement in the transport sector facilitates globalization, it is not an outcome of globalization. 

Whereas Liberalization of foreign trade and Favorable rules under the developing countries category helped India to improve trade in the world. 

For a large number of small producers and workers globalisation has posed major challenges. MNC's sell their products at cheaper prices in other countries which affects Indian producers because people would prefer buying the same thing at a cheaper price which is sold by MNC's.

 Ford Motors came to India in 1995 and spent Rs. 1700 crore to set up a large plant near Chennai. 

India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half. The Indian mobile economy is growing rapidly and is expected to contribute substantially to India’s Gross Domestic Product (GDP).

If we look at the past thirty years or so, we find that MNC's have been a major force in the globalisation process connecting distant regions of the world.