If a company in Bangalore is working on a project related to Banking for a firm in U.S.A. This method of contracting a job is known as:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Outsourcing
A U.S. firm giving its banking work to a company in Bangalore is outsourcing (off-shoring).
NCERT (2026-27):
Box: Outsourcing |
