Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Global Footprint :

Owing to globalisation, you might fed many Indian companies have expanded their wings to many other countries. For example, ONGC Videsh, a subsidiary of the Indian public sector enterprise, Oil and Natural Gas Corporation engaged in oil and gas exploration and production has projects in 16 countries. Tata Steel, a private company established in 1907, is one of the top ten global steel companies in the world which have operations in 26 countries and sell its products in 50 countries. It employs nearly 50,000 persons in other countries. HCL Technologies, one of the top five IT companies in India has offices in 31 countries and employs about 15,000 persons abroad. Dr Reddy's Laboratories, initially was a small company supplying pharmaceutical goods to big Indian companies. Today it has manufacturing plants and research centres across the world.

Dr Reddy's Laboratories once it was a small company. Due to New Economic policy 1991, now they have manufacturing plants and research across the world. Dr. Reddy's Laboratories supply the following goods to India Companies :

Options:

Herbs and Medicine

Parachute goods

Pharmaceutical goods

Computer goods

Correct Answer:

Pharmaceutical goods

Explanation:

The correct answer is option (3) : Pharmaceutical goods

The passage clearly suggests Dr. Reddy's primary product category is pharmaceuticals, making it the correct option they supply to other Indian companies.