Economics Practice Quiz 57

Q1.Which Indian company, known for its large marketing network and four oil refineries, was acquired by the American MNC Cargill Foods?

A. Reliance Foods B. Parakh Foods C. Tata Oils D. Hindustan Foods

Q2.As of the information provided, which company became the largest producer of edible oil in India after acquiring local companies?

A. Parakh Foods B. Cargill Foods C. An Indian government enterprise D. A European multinational

Q3.What is the daily production capacity of edible oil for Cargill in India?

A. 500,000 pouches B. 1 million pouches C. 5 million pouches D. 10 million pouches

Q4.How does the wealth of many top Multinational Corporations (MNCs) compare to the budgets of developing country governments?

A. It is roughly equal to their budgets. B. It is significantly less than their budgets. C. It exceeds the entire budgets of these governments. D. It is only a small fraction of their budgets.

Q5.In which of the following industries do large MNCs often place orders for production with small producers?

A. Heavy machinery and aerospace B. Garments, footwear, and sports items C. Software development and IT services D. Pharmaceuticals and biotechnology

Q6.What aspects of production do large MNCs have tremendous power to determine for distant small producers?

A. Only the brand name and marketing strategy. B. Only the raw material sourcing and initial design. C. Price, quality, delivery, and labour conditions. D. Only the final retail price in developed markets.

Q7.Which of the following is NOT mentioned as a way MNCs exert strong influence on production at distant locations?

A. Setting up partnerships with local companies. B. Using local companies for supplies. C. Providing direct financial aid to developing country governments. D. Buying up local companies.

Q8.What is the approximate selling price of jeans produced in developing countries when sold in the USA?

A. Rs 650 or $14.5 B. Rs 1450 or $65 C. Rs 6500 or $145 D. Rs 14500 or $650

Q9.Ford Motors, one of the world's largest automobile manufacturers, is a company based in which country?

A. Germany B. Japan C. United States of America D. South Korea

Q10.In which year did Ford Motors establish its operations in India?

A. 1990 B. 1995 C. 2000 D. 2005

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Economics Practice Quiz 57