Question : Which sector is commonly associated with outsourcing in the global economy?
Option 1: Information technology (IT)
Option 2: Manufacturing
Option 3: Agriculture
Option 4: Healthcare
Correct Answer: Information technology (IT)
Solution : The correct answer is (a) Information technology (IT)
The sector commonly associated with outsourcing in the global economy is information technology (IT). IT outsourcing involves the contracting of IT-related services, such as software development, maintenance, technical support, data management, and infrastructure management, to external organizations or individuals.
IT outsourcing became prevalent as a result of advancements in communication technology, which enabled the remote delivery of IT services. Many companies, especially in developed countries, have chosen to outsource their IT operations to countries with a competitive advantage in terms of skilled IT professionals and lower labor costs.
Question : Which sector of the Indian economy has witnessed significant growth due to the outsourcing of services from other countries?
Option 1: Agriculture
Option 3: Information Technology (IT)
Option 4: Mining
Question : Which sector is the largest employer in the Indian economy?
Option 3: Services
Option 4: Construction
Question : Which sector of the Indian economy is responsible for the largest employment generation?
Question : The tertiary sector of the Indian Economy is related to ____________.
Option 1: manufacturing sector
Option 2: agriculture and related sectors
Option 3: electricity and coal
Option 4: transport, communication and business/services
Question : Which sector of the economy contributes the most to human capital formation?
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