Match items of List - I with List - II relating to macro environment of business and indicate the code of correct matching :List - I List - II (a) Economic environment (i) Etdical issues (b) Political and government environment (ii) Trade and transport policies (c) Socio - cultural environment (iii) Economic stratification of population (d) Demographic environment (iv) Judiciary powers
Matching Macro Environment Factors
This section details the correct matching of items related to the business macro environment presented in List-I and List-II.
Understanding the Matches
- (a) Economic environment is correctly matched with (ii) Trade and transport policies. These policies are integral to economic management and significantly influence business activities and markets.
- (b) Political and government environment aligns with (iv) Judiciary powers. The powers and structure of the judiciary form a crucial part of the political landscape that shapes the legal framework for businesses.
- (c) Socio-cultural environment corresponds to (i) Ethical issues. Societal values, norms, and cultural beliefs heavily influence the ethical considerations and expectations placed upon businesses.
- (d) Demographic environment is matched with (iii) Economic stratification of population. This refers to the distribution of population segments based on economic status, a key aspect of demographic analysis affecting markets.
Correct Matching Code
Based on the explanations above, the correct pairings are:
- (a) – (ii)
- (b) – (iv)
- (c) – (i)
- (d) – (iii)
This corresponds to the code (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii).
Important Questions from Business Environment
- The Micro-Economic environment deals with the operations of the firm in __________.
- Which of the following are "work-family conflict" faced by women?
a. Time based conflict
b. work conflict
c. Inter personal conflict
d. Behaviour based conflictChoose the correct answer from the options : - Assertion (A) : Buyers, for several industries, are potential competitors-they may integrate backwards.
Reasoning (R) : They have different degrees of bargaining power.
Code : Match List - I with List - II relating to the roles played by government in an economy and indicate the correct code of their matching.
List - I (Roles) List - II (Examples) (a) Regulatory role (i) Deciding timing and usage of resources (b) Promotional role (ii) Capital intensive projects of public sector (c) Entrepreneurial role (iii) Imposing of high import duty (d) Planning role (iv) Measures to control and cover risk in priority sectors - From the following statements of Assertion (A) and Reasoning (R), indicate the correct code :
Assertion (A) : Industrial liberalisation became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries.
Reasoning (R) : Industrial development and curbing of poverty is only possible through government intervention.
