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  3. 12th Class
  4. Business Studies
  5. Principles Of Management

12th Class Business Studies Principles Of Management Question Bank Topic - 2 MCQs - Dimensions of Business Environment

  • question_answer
    Aman wanted a loan to begin his new business. He approached the bank as the banking sector reforms resulted in easier credit terms and better services. This is an example of which key component of the business environment.

    A) Social Environment

    B) Economic Environment

    C) Political environment

    D) Legal environment

    Correct Answer: B

    Solution :

    [b] Explanation: Economic environment has instant and direct impact on a business Interest rate, inflation rate, change in people's disposable income, monetary policy, stock market indices, etc. are certain economic factors, which could affect business firms.


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