Identify the world's largest MNC in retail market:

The correct answer is Option (1) → Wal Mart Stores

Box 5.1 names Wal-Mart Stores, Carrefour and Tesco as the world’s largest chains trying to enter India’s retail sector, with Wal-Mart named first.

Note: This question is taken from Box 5.1, ‘Retail chains scramble to enter Indian market’, of the chapter ‘Change and Development in Industrial Society’, which was there in the pre-rationalised NCERT, which NTA followed in 2023. This box has been deleted from the NCERT book (2025-26), though the chapter is still there with its lines on liberalisation, the Parle–Coca Cola deal, disinvestment and outsourcing.