Which of the following factors, constitute economic environment of business?
A. Monetary policy of RBI
B. Equality of opportunity
C. Balance of Payment
D. Rate of savings and investment
E. Attitude of Ruling party
Choose the correct answer from the options given below:
This question was previously asked in
Shift 31/05/2023 3:30 PM - 6:30 PM
Correct Answer
Detailed Explanation
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. Short and long term interest rates significantly affect the demand for product and services.
Components of economic environment.
* Existing structure of the economy in terms of relative role of private and public sectors.
* The rates of growth of GNP and per capita income at current and constant prices
* Rates of saving and investment
* Volume of imports and exports of different items
* Balance of payments and changes in foreign exchange reserves
* Agricultural and industrial production trends
* Expansion of transportation and communication facilities
* Money supply in the economy
* Public debt (internal and external)
* Planned outlay in private and public sectors
Option B is part of “SOCIAL ENVIRONMENT” ,Whereas Option E is part of “POLITICAL ENVIRONMENT”
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
Arrange the correct sequence of steps involved in the process of controlling.
A. Comparision of actual performance with standards
B. Analysing deviations
C. Setting performance standards
D. Taking corrective action
E. Measurement of actual performance
Choose the correct answer from the options given below:
Consider the following related to top level:
A. C.E.O, file manager, supervisor.
B. Production manager, line head, Accounts officer
C. Managing Director, C.F.O, and sales head D. Chief finance officer, Vice president, C.E.O
E. Executive director, Managing Director and Senior Vice president
Choose the correct answer from the options given below:
'Management unites the efforts of different individuals in the organisation towards achieving these goals'. Which characteristic of management is highlighted from the above statement?
Which money market instrument is used for bridge financing?
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice