Practicing Success

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:

In outsourcing, a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country (like legal advice, computer service, advertisement, security).