A company that owns or controls production in more than one nation is a:
AMultinational corporation
BCooperative credit society
CPublic sector undertaking
DJoint stock holding bank
Answer & Solution
Correct answer: A. Multinational corporation
1. It sets up offices and factories abroad.
2. This is a multinational corporation, an MNC.
3. MNCs chase cheap labour and resources.
_Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._
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