CBSE Class 12 Business Studies 2021 Outside Delhi set 1

Question : 5

Total: 60

Which of the following is an element of political environment?

Existing structure of the economy in terms of relative role of private and public sectors.
Rise in the disposable income of people due to increase in the gross domestic product of a country.
Legislations passed by the Government authorities.
Attitude of the elected Government representatives towards business.

Solution:

(d) Attitude of the elected Government representatives towards business.
The "Political Environment" refers to the specific attitudes that elected government representatives to have toward business. It includes all aspects of governance, such as the type of government in power, the government's attitude toward various sectors of society, policy changes undertaken by various administrations, and so on.

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