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Match List-I with List-II

List-I
(Dimensions of business environment)
List-II
(Elements)
(A) Social(I) Literacy rates
(B) Economic(II) Public Debt (interal and external)
(C) Technological(III) Monopolistic Restrictive Trade Practices Act
(D) Legal(IV) Scientific improvements


Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Option 1 -> (A)-(I), (B)-(II), (C)-(IV), (D)-(III): Social dimension correctly matches with Literacy rates; Economic with Public Debt; Technological with Scientific improvements; Legal with MRTP Act.

Option 2 -> (A)-(II), (B)-(I), (C)-(III), (D)-(IV): Incorrectly matches Social with Public Debt and Economic with Literacy rates, which are reversed.

Option 3 -> (A)-(IV), (B)-(II), (C)-(I), (D)-(III): Incorrectly matches Social with Scientific improvements and Technological with Literacy rates, which don't align with their dimensions.

Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II): Incorrectly matches Social with MRTP Act and Economic with Scientific improvements, which are completely misaligned.


Hence, Option 1 -> Social environment includes demographic and cultural factors like literacy rates; Economic environment encompasses financial aspects like public debt; Technological environment covers scientific improvements and innovations; Legal environment includes regulatory frameworks like the Monopolistic Restrictive Trade Practices Act. This matching correctly aligns each dimension with its appropriate element. -> correct

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