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
Option 4: Technological environment
Correct Answer: Economic environment
Solution :
Economic environment refers to all the forces and factors which directly influence the economy of your country. Aspect of economic environment includes The finance minister reduced the repo rate to overcome recession.
Hence, option 1 is the correct answer.