Question:
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
Globalization fosters outsourcing and opens up new opportunities for businesses to expand internationally.
Updated On: Feb 3, 2025
- 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.
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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.
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