Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following is an example of "Outsourcing"?

Options:

Krishna Limited (India )giving financial services to Minishua Corp. ( U.S.A.)

Raju working in a factory of shoes whose owner lives in Mumbai

Kinsey Ltd. (U.K.) giving legal advise to Bode Ltd. (U.K)

All of the above

Correct Answer:

Krishna Limited (India )giving financial services to Minishua Corp. ( U.S.A.)

Explanation:

The correct answer is option 1: Krishna Limited (India )giving financial services to Minishua Corp. ( U.S.A.)

Outsourcing involves a company contracting out a business process or service to another company, often in a different country. In this case:

  • Krishna Limited (India) providing financial services to Minishua Corp. (U.S.A.) is an example of outsourcing, as it involves a company in one country providing services to a company in another country.

The other options are not examples of outsourcing:

  • Raju working in a factory in India is not outsourcing but rather local employment.
  • Kinsey Ltd. (U.K.) giving legal advice to Bode Ltd. (U.K.) is an example of a domestic service rather than outsourcing.