Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
What has contributed to the growth of outsourcing in recent times?
Options:
Growth of fast modes of communication
Expansion of domestic markets
Increase in protectionist policies
Increase in global trade
Correct Answer:
Growth of fast modes of communication
Explanation:
The growth of fast modes of communication, particularly the growth of Information Technology (IT), has contributed to the intensification of outsourcing in recent times. With advancements in communication technology, services can be outsourced to other countries more efficiently and in real-time, leading to the growth of outsourcing practices.