Question : Just after the declaration of Lok sabha Election in 2014, the Bombay stock exchange index rose by 1000 points. Identify the dimension of business environment?
Option 1: Social environment
Option 2: Economic environment
Option 3: Political environment
Option 4: Technological environment
Correct Answer: Political environment
Solution : Political environment constitutes all the factor related to governmnet affairs such as type of government in power, attitude of government towards different groups of societies, policy changes implemented by different government etc. In the above case, Just after the declaration of Lok sabha Election in 2014, the Bombay stock exchange index rose by 1000 points. This highlights the political environment of business environment. Hence, option 3 is the correct answer.
Question : The finance minister reduced the repo rate to overcome recession. This is related to which dimension of business environment?
Option 1: Economic environment
Option 2: Political environment
Option 3: Social environment
Question : Most of the business firms are using social media like facebook, twitter, instagram etc. To promote their business' Which dimension of business environment is being highlighted?
Option 2: Social environment
Option 3: Technological environment
Option 4: Social environment
Question : The sale of greeting cards, sweets, chocolate, etc. increases in india during Diwali, Eid, Guruparv and Christman. Name the dimension of environment related to this?
Option 4: Economic environment
Question : Introduction of GST and its impact on business enterprise is a part of:
Option 1: Political environment
Question : Identify the dimensions of business environment which has impact on the interest rate, inflation rate, changes in disposable income of the people, etc.
Option 4: Political environment
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