Read the following statements carefully : Statement 1: Outsourcing is…

CBSE Economics class 12 question and answer | Read the following statements carefully : 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 :

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Read the following statements carefully :
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 :

(A) Statement 1 is true and Statement 2 is false.
(B) Statement 1 is false and Statement 2 is true.
(C) Both statement 1 and 2 are true.
(D) Both statement 1 and 2 are false.

Ans. The correct answer is:

(C) Both statement 1 and 2 are true.