Question

Read the following statements carefully and choose the correct answer from the following:

Statement 1 - Outsourcing is one of the important outcomes of the globalisation process.

Statement 2 - India has become an favourable destination for outsourcing.

[0.80 marks]

• A. Both the statements are true.
• B. Both the statements are false.
• C. Statement 1 is true and Statement 2 is false.
• D. Statement 2 is true and Statement 1 is false.

Answer 1

The correct option is B Both the statements are false.

Outsourcing means, contracting out some of its activities to a third party. So, outsourcing is one of the important outcomes of the globalisation process.
India has become a favourable destination for outsourcing for most of the MNCs because of low wage rate and availability of skilled manpower.