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.