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Single Answer MCQ
Q-00015728

How has liberalization of trade impacted MNCs?

1

It has increased the costs of production.

2

It has eliminated the need for exports.

3

It has reduced barriers to entering foreign markets.

4

It has led to isolation of economies.

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Sandeep Chaturvedi

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Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

C. It has reduced barriers to entering foreign markets.

Solution:

The liberalization of trade has reduced barriers, enabling MNCs to enter foreign markets more easily and expand their operations globally.

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