Home › UP Board Class 10 › Social Science › c10globalisation › Tata Motors purchasing Jaguar Land Rover (UK) is…
Tata Motors purchasing Jaguar Land Rover (UK) is an example of:
AForeign Direct Investment INTO India by an MNC
BIndia joining the WTO as a founding member
CIndia accepting an IMF loan with conditions
DAn Indian company becoming an MNC itself
Answer & Solution
Correct answer: D. An Indian company becoming an MNC itself
Indian companies (Tata, Reliance, Infosys, Bharti Airtel, Wipro, Mahindra) have themselves become MNCs. Tata Motors acquired Jaguar Land Rover from Ford in 2008; Tata Steel acquired Corus. Indian MNCs are now a globalisation success story.
Related questions
WTO rules have forced which group to remove trade barriers?Which group has unfairly retained trade barriers?How many countries are members of the WTO?At whose initiative was the WTO started?Which organisation aims to liberalise international trade?Removing barriers set by the government is known as:The government expected competition to improve producers':Far-reaching changes in Indian policy started around: