Which of the following statements is incorrect?
A. IFC is headquartered in Washington DC
B. India joined MIGA in 1994
C. Multinational corporations are also known as global companies
D. None of the above
Answer: Option D
Solution (By Examveda Team)
Let's break down each option to see which one is incorrect:Option A: IFC is headquartered in Washington DC
This statement is correct. The International Finance Corporation (IFC), a member of the World Bank Group, is indeed based in Washington, D.C., USA.
Option B: India joined MIGA in 1994
This statement is also correct. India became a member of the Multilateral Investment Guarantee Agency (MIGA) in 1994. MIGA is another member of the World Bank Group that promotes foreign direct investment into developing countries.
Option C: Multinational corporations are also known as global companies
This statement is also correct. The terms "multinational corporations" (MNCs) and "global companies" are often used interchangeably to describe companies that operate in multiple countries.
Option D: None of the above
Since options A, B, and C are all correct, this option is the correct answer to the question because it indicates that none of the provided statements are incorrect.
Therefore, the answer is Option D: None of the above.
This Question Belongs to Commerce >> Business Environment And International Business
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Comments (1)
Which of the legislation do not from part of the legal environment of business in India?
A. The Drugs and Cosmetics Act, 1940
B. The prevention of Food Adulteration Act, 1954
C. The Monopolies and Restrictive Trade Practices Act, 1969
D. Both B and C
Consider the following statements. Which of these statements is/are true?
A. Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state
B. Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible
C. India differed from core socialism as it went for a mixed economy rather than complete government control
D. All of the above statements are true
"Repo Rate" refers to the rate at which
A. RBI borrows short-term money from the market
B. Banks keeps the money with RBI
C. Banks take money from RBI after offering some securities
D. Forex is purchased by RBI
A. Preferential Trade Area
B. Custom Unions
C. Economic Union
D. Common Market
Incorrect Ans. Ans would be D