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 Probability
Based upon the results of regular medical check-ups in a hospital, it was found that out of 1000 people, 700 were very healthy, 200 maintained average health and 100 had a poor health record.
Let \( A_1 \): People with good health,
\( A_2 \): People with average health,
and \( A_3 \): People with poor health.
During a pandemic, the data expressed that the chances of people contracting the disease from category \( A_1, A_2 \) and \( A_3 \) are 25%, 35% and 50%, respectively.
Based upon the above information, answer the following questions:
(i) A person was tested randomly. What is the probability that he/she has contracted the disease?}
(ii) Given that the person has not contracted the disease, what is the probability that the person is from category \( A_2 \)?- If A and B are two events such that $P(B) = \frac{1}{5}$, $P(A | B) = \frac{2}{3}$ and $P(A \cup B) = \frac{3}{5}$, then $P(A)$ is :
- If \( P(A) = \frac{1}{5}, P(B) = \frac{3}{5} \) and \( P(A \cap B) = \frac{2}{5} \), then \( P(A' \cup B') \) is :
- Bag I contains 4 white and 5 black balls. Bag II contains 6 white and 7 black balls. A ball drawn randomly from Bag I is transferred to Bag II and then a ball is drawn randomly from Bag II. Find the probability that the ball drawn is white.
- A meeting will be held only if all three members A, B and C are present. The probability that member A does not turn up is 0.10, member B does not turn up is 0.20 and member C does not turn up is 0.05. The probability of the meeting being cancelled is:
Questions Asked in GATE XH-C1 exam
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
- 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:
- Consider a three-firms oligopoly market with a linear demand function given by \( P = 25 - Q \), where \( P \) is the unit price and \( Q \) is the total quantity supplied. The total quantity \( Q = q_1 + q_2 + q_3 \), where \( q_i \) is the output from the \( i^{th} \) firm with \( i = 1,2,3 \). The total cost (TC) curve of firm \( i \) is given by \( TC_i = \alpha_i + 5q_i \), where \( \alpha_i \)'s are positive real numbers. Assuming a Cournot solution exists, the value of \( Q \) is:
- GATE XH-C1 - 2025
- Demand analysis
- Consider a square field ABCD. The diagonal AC is 50 meter. The cost of laying grass in the field is Rs. 5 per square-meter. The total cost for laying grass in the field ABCD is Rs. ________ (rounded off to two decimal places).
In the following figure, four overlapping shapes (rectangle, triangle, circle, and hexagon) are given. The sum of the numbers which belong to only two overlapping shapes is ________
