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
Incorrect Ans. Ans would be D