Question

Which one of the following has been the major source of foreign exchange for IT industry?
A. BHEL
B. SAIL
C. BPO
D. OIL

Answer 1

Answer:

Answer:- (C) BPO

Solution:

Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider.

Answer 2

BPO are the major source of foreign exchange for IT industry.

Option (C).

Explanation:

• These are outsourcing which constitutes the responsibilities of a specific business procedure to a service provider in a third party.

• BPO sector also a part in foreign exchange of an IT industry.

• A contract or agreement is done between the company and third-party provider on subjects related to the human resource, payroll, accounting and customer or call center relations.

• This sector has another name called Information technology-enabled services. They add to the improvement in business processes and its efficiencies.

• One can classify the BPO sector into two parts like the tech support (front desk service) and billing (back-office business functions).

Learn more about it:

Which one of the following has been the major source of foreign exchange of IT industries.

a)BHEL

b)SAIL

c)BPO

d)OIL​

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Which sector has been the major source of foreign exchange for IT industry?

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