Fix up the local content of raw material requirement of certain percentage for all foreign owned manufacturing firms

1. Domestication refers to the situation when host country insists on
(a) Using locally manufactured raw material for manufacturing products of international

firms

(b) Gradual transfer of ownership and management of International Firms to Local Managers

(c) Not permitting repatriation of funds and profits above a certain limit and insisting on

profits being deployed back in local industry

(d) Fixing up the local content of raw material requirement of certain percentage for all

foreign owned manufacturing firms

(e) All of these

2. When the governments for the cause of social benefits decide to move the property and assets of business from private hands to government sponsored public sector undertakings or agencies it is called

(a) Nationalization of business assets

(b) Confiscation of international firm’s property

(c) Expropriation of firm’s assets

(d) Domestication

(e) None of these

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