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:
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
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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