Which of the following is an example of legal environment? Option 1: Death/Birth Ratio Option 2: Trade Union Act Option 3: Prevailing Political System Option 4: Public Debt

Answer: Trade Union Act. Solution: Demographic -> not legal Law governing -> unions Government system -> affects laws Economic factor -> not directly Option 2 is correct -> Trade Union Act

Business Studies

Business Environment

Medium

Which of the following is an example of legal environment?

Death/Birth Ratio

Trade Union Act

Prevailing Political System

Public Debt

✅ Correct Option: 2

Demographic -> not legal
Law governing -> unions
Government system -> affects laws
Economic factor -> not directly

Option 2 is correct -> Trade Union Act

2023: 29 May Shift 2

"Dependence on technological gadgets is comparatively higher in America than in India". Which feature of business environment is highlighted by the statement?

2025: 29 May Shift 2

Which of the following are components of the economic environment?

(A) Saving and investment rate

(B) Technological conditions

(D) Public debt

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Identify the specific forces of Business Environment from following

A. Investors

B. Customers

C. Social

D. Political

E. Competitors

Choose the correct answer from the options given below:

2024

Under which dimension of business environment is 'Online Booking of Air Tickets' included?

2026: 29 May Shift 2

Match the LIST-I with LIST-II

LIST-I (Features of Business Environment)	LIST-II (Description)
A. Totality of external forces	I. Shifts in consumer preferences or entry of new competition in the market
B. Complexity	II. It consists of numerous interrelated and dynamic conditions or forces which arise from different sources.
C. Uncertainty	III. It is the sum total of all things external to business firms and, as such, is aggregative in nature.
D. Dynamic nature	IV. Difficult to predict when environmental changes are taking place too frequently

Choose the correct answer from the options given below:

2025: 3 June Shift 2

"At times, it may be difficult to know the extent of the relative impact of the social, economic, political, technological or legal factors on changes in demand for a product in the market". Identify the feature of the business environment highlighted in the aforesaid statement.

Which of the following is an example of legal environment?

Solution

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