Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Read the following Case Study, answer the question.

Government of India has taken several measures to make the economy Robust and to improve Business Environment. Production linked incentive (PLI) scheme has been launched as result of which manufacturing is picking up. India has become second largest manufacturer of mobile phones in the world. Indian economy has become fifth largest economy in the world surpassing UK. India has become a large defense equipment and arms manufacturer and is also an exporter of arms. The ease of doing business has also improved. According to IMF and World Bank, India is one bright spot in a world hit by declining economies and business sentiment in era of pandemic. India successfully carried out largest Covid vaccination programme globally and also gave vaccine to other countries.

In order to achieve high standards in various fields, Government of India is taking tough decisions.

Which dimension of business environment help Government to take tough decisions.

Options:

Technological

Social

Technological and Legal both

Political

Correct Answer:

Political

Explanation:

The correct answer is Option (4) → Political.

The government of India is taking tough decisions, such as implementing the Production Linked Incentive (PLI) scheme, improving ease of doing business, and managing the Covid vaccination program. These decisions are driven by political leadership and policies, which influence and shape the business environment. Therefore, the political dimension of the business environment helps the government in making and implementing these tough decisions.