Many people in India are making use of UPI for making payments. This is an example of which dimension of Business Environment :-

Technological

The correct answer is option (4) : Technological

The increasing use of UPI (Unified Payments Interface) for making payments in India is an example of the "Technological" dimension of the business environment.

UPI is a digital payment system that leverages technology to facilitate seamless and efficient electronic transactions, and its widespread adoption reflects the impact of technology on the business environment.

Certainly, let me explain the other dimensions of the business environment:

1. Legal Dimension: The legal dimension of the business environment pertains to the laws and regulations that businesses must adhere to.

2. Political Dimension : The political dimension of the business environment relates to the influence of government policies, stability,  and political climate on businesses.

3. Social Dimension : The social dimension of the business environment is concerned with societal factors, values, and culture norms that influence business operations.

Each of these dimensions plays a role in shaping the business environment and can have a significant impact on a company's strategy, operations, and decision-making. Successful businesses must consider and adapt to these various dimensions to thrive in a dynamic and ever changing marketplace.