Read the following statements carefully:
Statement 1: Outsourcing is one of the important outcomes of the globalization process.
Statement 2: Owing to globalization, many Indian companies have expanded their operation abroad.
Read the following statements carefully:
Statement 1: Outsourcing is one of the important outcomes of the globalization process.
Statement 2: Owing to globalization, many Indian companies have expanded their operation abroad.
Show Hint
- Statement 1 is true and Statement 2 is false.
- Statement 1 is false and Statement 2 is true.
- Both Statement 1 and 2 are true.
- Both Statement 1 and 2 are false.
The Correct Option is C
Solution and Explanation
- Statement 1 is true: Outsourcing, a key feature of globalization, involves contracting out services or jobs to other countries. This is a common practice in industries such as IT, customer service, and manufacturing.
- Statement 2 is true: Globalization has allowed Indian companies, particularly in the IT and service sectors, to expand their operations abroad, taking advantage of lower production costs and accessing new markets.
Conclusion: Both statements are true, as outsourcing and international expansion of Indian companies are direct results of globalization.
Top Questions on Inflation and unemployment
- What is meant by recession?
- Bihar Board XII - 2025
- Economics
- Inflation and unemployment
- Meaning of 'Human Development':
- GATE XH-C1 - 2024
- Economics
- Inflation and unemployment
- Explain the need and type of land reforms implemented in the agriculture sector.
- GATE XH-C1 - 2024
- Economics
- Inflation and unemployment
- Which one of the following measures in the Keynesian framework is adopted to tame inflation in an economy ?
- GATE XH-C1 - 2024
- Macroeconomics
- Inflation and unemployment
- If the difference between actual GDP and the trend output varies inversely with the difference between actual unemployment rate and the natural rate of unemployment, then such a relationship is called the
- GATE XH-C1 - 2024
- Macroeconomics
- Inflation and unemployment
Questions Asked in GATE XH-C1 exam
Eight students (P, Q, R, S, T, U, V, and W) are playing musical chairs. The figure indicates their order of position at the start of the game. They play the game by moving forward in a circle in the clockwise direction.
After the 1st round, the 4th student behind P leaves the game.
After the 2nd round, the 5th student behind Q leaves the game.
After the 3rd round, the 3rd student behind V leaves the game.
After the 4th round, the 4th student behind U leaves the game.
Who all are left in the game after the 4th round?
The 12 musical notes are given as \( C, C^\#, D, D^\#, E, F, F^\#, G, G^\#, A, A^\#, B \). Frequency of each note is \( \sqrt[12]{2} \) times the frequency of the previous note. If the frequency of the note C is 130.8 Hz, then the ratio of frequencies of notes F# and C is:
Here are two analogous groups, Group-I and Group-II, that list words in their decreasing order of intensity. Identify the missing word in Group-II.
Abuse \( \rightarrow \) Insult \( \rightarrow \) Ridicule
__________ \( \rightarrow \) Praise \( \rightarrow \) Appreciate
- Had I learnt acting as a child, I ________ a famous film star.
Select the most appropriate option to complete the above sentence. - A car started from city P at 9:40 AM. The time taken for the car to reach city Q is 4 hours and 50 minutes. The time of arrival of the car at city Q is: