Business Studies

Business Environment

Easy

Expansion of transportation and communication facilities is an example of:

Economic Environment

Political Environment

Social Environment

Technical Environment

✅ Correct Option: 1

Option 1 -> Transportation and communication facilities are key components of economic infrastructure that facilitate business operations, trade, and overall economic development.

Option 2 -> Political environment refers to government policies, regulations, and political stability, not the physical infrastructure facilities themselves.

Option 3 -> Social environment encompasses cultural values, demographics, and lifestyle patterns, not infrastructure development.

Option 4 -> Technical environment focuses on technological innovations and R&D advancements, rather than the expansion of infrastructure facilities.

Hence, Option 1: Economic Environment -> Expansion of transportation and communication facilities represents economic infrastructure development. These facilities are crucial economic factors that enable business connectivity, reduce transaction costs, improve market access, and drive economic growth. They form the backbone of economic activities and are therefore classified as part of the economic environment. -> correct

2025: 15 May Shift 2

"The Prime Minister desires that the Handicrafts Industry should be expanded by linking it with technology". Identify the Dimension of Business Environment.

2025: 3 June Shift 2

"The health and fitness trend has become popular among many urban dwellers. This has created a demand for products like organic food, gyms, bottled (mineral) water and food supplements". Identify the component of the business environment highlighted in the aforesaid statement.

2025: 3 June Shift 1

Which of the following factors constitutes the specific environment of business?

(A) Economic Environment

(B) Suppliers

(D) Competitors

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Social Environment includes:

2025: 22 May Shift 1

Match List-I with List-II

List-I	List-II
Dimensions of business environment	Examples
(A) Social environment	(I) Smoking bans in restaurants, shopping malls and public parks can have a significant impact on business.
(B) Political environment	(II) Higher cost of production will tend to force prices to go up.
(C) Economic environment	(III) The nature of the relationship of India with its neighboring countries.
(D) Legal environment	(IV) A common trend is the increasing movement of young workers to cities away from rural areas.

Choose the correct answer from the options given below:

2026: 23 May Shift 1

The importance of the business environment can be understood by the following facts:

A. It helps the firm to identify threats and early warning signals.

B. It helps in coping with rapid changes.

C. It helps in tapping useful resources.

D. It enables the firm to identify opportunities and getting the first mover advantage.

Choose the correct answer from the options given below:

Expansion of transportation and communication facilities is an example of:

Solution

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CUET Business Studies Past Year Questions (Topic-Wise)