Edzy
Single Answer MCQ
Q-00015816

What is a benefit of foreign investments for local Indian companies?

1

Lower product quality standards

2

Improved access to raw materials and technology

3

Decreased market competition

4

Loss of local businesses

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

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

B. Improved access to raw materials and technology

Solution:

Foreign investments often provide local companies with improved access to advanced technology and better-quality raw materials, enhancing productivity. The other options misrepresent the potential benefits.

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