CUET Preparation Today
Which of the following statement is incorrect? |
Foreign Exchange Management Act 1947 and Factories Act 1948 is a part of Economic environment. Legislations passed by the Government authorities is a part of Legal environment. Peace and stability in the country is a part of political environment Customs, traditions and values are part of Social environment |
Foreign Exchange Management Act 1947 and Factories Act 1948 is a part of Economic environment. |
The correct answer is option (1)- Foreign Exchange Management Act 1947 and Factories Act 1948 is a part of Economic environment. The incorrect statement among the options is Foreign Exchange Management Act 1947 and Factories Act 1948 is a part of Economic environment. This statement is incorrect because the Foreign Exchange Management Act 1947 and the Factories Act 1948 are not part of the economic environment. They are legal and regulatory frameworks that fall under the legal environment. The economic environment includes factors such as economic policies, inflation rates, exchange rates, economic growth, and the overall economic conditions in a country. |
