Match List I with List II.
| List I | List II |
| A. Economic environment | I. Legislations Passed |
| B. Social environment | II. Stock market Indices |
| C. Technological environment | III. New Methods and Techniques |
| D. Legal environment | IV. Traditions |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A-II, B-IV, C-III, D-I
A. Economic environment — This matches II. Stock market Indices. It includes interest rates, inflation rates, disposable income, stock market indices and the value of the rupee.
B. Social environment — This matches IV. Traditions. It includes social forces like customs and traditions, values and social trends.
C. Technological environment — This matches III. New Methods and Techniques. It includes scientific improvements and innovations that give new methods and techniques of running a business.
D. Legal environment — This matches I. Legislations Passed. It includes various legislations passed by the government, administrative orders and court judgments.
NCERT (2026-27 Edition): “Economic Environment: Interest rates, inflation rates, changes in disposable income of people, stock market indices and the value of rupee are some of the economic factors that can affect management practices in a business enterprise. …” “Technological Environment: Technological environment includes forces relating to scientific improvements and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business. …” “Legal Environment: Legal environment includes various legislations passed by the Government administrative orders issued by government authorities, court judgments as well as the decisions rendered by various commissions and agencies at every level of the government— centre, state or local. …” “Summary … Social environment includes social forces like traditions, values, social trends, society’s expectations of business, and so on.” |