Which one of the following has been the major source of foreign?

Which one of the following has been major source of foreign exchange?

Answer: “Business Process Outsourcing (BPO)” sector is considered as the major source of foreign exchange for IT industry.

Which of the following industry has been a major foreign?

The industry that has earned our country a major, sizeable share of foreign exchange, is the Information Technology industry. In the last two decades, the contribution to India’s GDP from Information Technology, has grown by 6.5%.

Which one of the following industries has been a major foreign exchange earner in the last few years?

In recent years, India is earning large foreign exchange through the export of information technology. The information technology in India is comprised of two-component, viz., Business Process Outsourcing (BPO) and IT services. The sector has increased its contribution to India’s GDP from 1.2% in 1988 to 7.7% in 2017.

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Which industry consider as the major foreign exchange earner?

TOURISM is not only the world’s leading service sector but also considered to be an important foreign exchange earner around the world.

Which one of the following has been the major source of foreign exchange for IT industry a BHEL b sin c b/d oil?

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

Which is the best source of exchange?

Three sources of supply of foreign exchange are :

  • Exports: Exports of goods and services is an important source of supply of foreign exchange.
  • Grants and donations from rest of the world: A significant amount of foreign exchange flows from rich to poor countries by way of grants and donations.

Which items is the highest foreign exchange earner in India?

Complete answer: Out of the given options, the industry in which India earns its maximum foreign exchange is Iron industry. The value of iron metal traded from India added up to almost 186 billion rupees in the financial year 2020.

In which sector are the manufacturing industries placed?

Manufacturing and Industry sector known as the secondary sector, sometimes as the production sector, includes all branches of human activities that transform raw materials into products or goods. The secondary sector includes secondary processing of raw materials, food manufacturing, textile manufacturing and industry.

Which of the following industries is the largest consumer of chemicals?

The chemical industry itself is the largest purchaser of chemical products. Crude oil has a tremendous impact on the chemicals industry because many plastics and polymers are manufactured from it.

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Which of the following has been the major impact of IT industry?

The impact of IT and Electronic Industries are: (i)A major impact of this industry has been on employment generation. … (ii)This industry has been a major foreign exchange earner in the last two or three years because of its fast growing Business Processes Outsourcing (BPO) sector.

How can industrialization assist in bringing in foreign exchange?

To maintain a country with an equal difference, it is important to establish industries with foreign securities which will provide equality among the people. When the exported goods are manufactured, it brings the exchange of foreign goods by increasing commerce and trade in our home country.

Which one of the following is not the category of industry?

Explanation: Jute does not come under the category of consumer industry.