Wholly owned subsidiary permits greatest degree of control over overseas opeartions.

True. In the case of exports and imports of goods, the goods need to physically move from one country to another. This incurs additional costs in packaging, transportation and insurance.

New Zealand is not amongst India's major trading partners.

Franchsing is an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities in another or the same country. It brings the firms closest to international markets than any other mode.

Oil and petroleum products are not amongst India's major export items.

Ayurvedic medicines is not amongst India's major import items.

True. Exporting is not a feasible option when import restrictions exist in a foreign country.

True. When two businesses come together to form a joint venture, they can use each other's production facilities to create new and innovative products at optimal cost. 

The most common route for investments by MNCs in countries around the world is to form partnerships with local companies.

In joint ventures, since two firms are jointly investing, there is risk-sharing.