MNC stands for:

Question

MNC stands for:

1. A. Multi National Corporation
2. B. Multi National Company
3. C. Both A & B (Correct answer)
4. D. None of the above

Correct Answer

Option C — Both A & B

Detailed Solution & Explanation

The correct answer is Both A & B.

Key Points

• MNC is expanded as both Multi National Corporation and Multi National Company — the two are used interchangeably.
• Since both expansions are in use, the combined option is correct.

Additional Information

• An MNC owns or controls production or services in more than one country, typically with a parent company and foreign subsidiaries.
• Related terms: TNC (Transnational Corporation) is often used in UN documents, and FDI is the mechanism by which MNCs invest abroad.
• MNCs entered India in large numbers after the liberalisation of 1991, which opened most sectors to foreign investment.