Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Although globalisation is generally understood to mean integration of the economy of the country with the world economy, it is a complex phenomenon. It is an outcome of the set of various polices that are aimed at transforming the world towards greater interdependence and integration. It is turning the world into one whole or creating a borderless world. Outsourcing is one of the important outcomes of the globalisation process. In outsourcing a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country. As a form of economic activity, outsourcing has intensified in recent times because of the growth of fast modes of communication, particularly the growth of information Technology (IT). India have become a favourite global outsourcing destination in the post reform period.

Identify which service is not outsourced by companies in developed countries to India.

Options:

Teaching

Call centres

Film editing

Beauty saloon services

Correct Answer:

Beauty saloon services

Explanation:

The correct answer is option (4) : Beauty saloon services

As a form of economic activity, outsourcing has intensified, in recent times, because of the growth of fast modes of communication, particularly the growth of Information Technology (IT). Many of the services such as voice-based business processes (popularly known as BPO or call centres), record keeping, accountancy, banking services, music recording, film editing, book transcription, clinical advice or even teaching are being outsourced by companies in developed countries to India.