Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
According to the given options, which of following is the best outcome of "Globalisation"?
Options:
Insourcing
Outsourcing
Integration
Interdependence
Correct Answer:
Outsourcing
Explanation:
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.