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Question
Statement 1: Outsourcing is one of the important outcome of globalization process.
Statement 2: Owing to globalization, many Indian companies have expanded their operation abroad.
In the light of the given statements, choose the correct alternative from the following:
Options
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both statement 1 and 2 are true.
Both statement 1 and 2 are false.
Solution
Both statement 1 and 2 are true.
Explanation:
India has benefited from globalization. India has become a popular outsourcing destination since it is one of the major English-speaking countries with inexpensive manpower. Statement 1 is, therefore, accurate. Because it is simple for them to grow their businesses, companies like Tata, ONGC, and others have also established a global footprint. Statement 2 is, therefore, accurate.
