Comprehension
A US economy firmly on the path of revival and robust growth would be of great significance for the world economy and Indian exporters should be looking at a sustained rise in demand in the US. The US economy, as per recent-released figures has already addedsome 171000 jobs in the month prior. This is shows that the US has made real progress in rejuvenating the economy. Of course, we are quite happy to see the revival of job growth in the US, especially because the Indian industry has had a not so minor role in this development. Indian companies have helped add some 20000 new jobs to the US economy in 2012-13 itself. Future Indian investment directed towards the US is likely to add to this number. Most of these new jobs are actually being created by the Indian Information Technology (IT) sector, which is mistakenly derided as a 'job stealer'by the US. However, empirical evidence clearly suggests that 'outsourcing Improves corporate bottom-lines in the US, which in turn allows corporates to expand, thereby leading to the generation of new jobs. The current rhetoric on outsourcing is overblown and counterproductive. There is after all no real use in creating impedimentsfor a sector that has organically linked our two economies and is helping generate net employment in both lands. A growing India-USeconomic relationship is necessarily IT enabled.
Question: 1
According to the passage, to revive the US economy, Indian industry
According to the passage, to revive the US economy, Indian industry
Updated On: Sep 23, 2024
- did not have much contribution
- had, in fact, no role to play
- had a significant contribution
- could not do much about it
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The Correct Option is C
Solution and Explanation
The passage highlights that Indian companies have played an important role in adding jobs to the US economy, indicating that the Indian industry has indeed made a significant contribution to the revival of the US economy. So the correct option is (C)
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Question: 2
As per the passage, recent propaganda against outsourcing of jobs in the US is
As per the passage, recent propaganda against outsourcing of jobs in the US is
Updated On: Sep 23, 2024
- quite genuine and should have been more loud
- fairly logical and justified
- not quite correct
- As per the passage, recent propaganda against outsourcing of jobs in the US is
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The Correct Option is C
Solution and Explanation
The passage states that the current rhetoric on outsourcing is overblown and counterproductive, suggesting that the propaganda against outsourcing is not accurate or justified. So the correct option is (C)
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Question: 3
Which of the following statement(s) is true as per the information contained in the passage?
A. Indian industry is capable of helping the US economy in the near future.
B. Indian IT sector has a major role in creating new jobs in the US.
C. Revival of the US economy would help Indian exporters a lot.
Which of the following statement(s) is true as per the information contained in the passage?
A. Indian industry is capable of helping the US economy in the near future.
B. Indian IT sector has a major role in creating new jobs in the US.
C. Revival of the US economy would help Indian exporters a lot.
A. Indian industry is capable of helping the US economy in the near future.
B. Indian IT sector has a major role in creating new jobs in the US.
C. Revival of the US economy would help Indian exporters a lot.
Updated On: Sep 23, 2024
- Only A
- B and C
- A, B and C
- A and C
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The Correct Option is C
Solution and Explanation
All three statements are supported by the information in the passage. So the correct option is (C)
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Question: 4
Indian IT sector has created jobs in
Indian IT sector has created jobs in
Updated On: Sep 23, 2024
- the US alone
- Both India and the US
- Only India
- None of the above
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The Correct Option is B
Solution and Explanation
The passage states that the Indian IT sector has helped create jobs in the US while also implying that the economic relationship benefits both countries. So the correct option is (B)
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Top Questions on Reading Comprehension
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