Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Outsourcing Definition
Outsourcing means:
- A company manufacturing all goods within the country
- A company hiring regular service from external sources, mostly other countries — Correct Answer
- Government providing services to all citizens
- Banning import of services
Explanation:
Correct Answer Explanation
In outsourcing, a company hires regular service from external sources, mostly from other countries, which was previously provided internally.
Key Points:
- An important outcome of the globalisation process.
- Intensified due to growth of Information Technology (IT).
- Services outsourced to India: BPO/call centres, accountancy, banking, music recording, film editing, clinical advice, teaching.
- India is a destination due to low wage rates and availability of skilled manpower.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
