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Question
The demonetisation move of the government has resulted in the accumulation of lakhs of crores of rupees in the banks. Now the banks will give more loans to the people at lower interest rate. General public can now afford home loans more easily. Identify the dimensions of Business Environment in the above case.
Options
Social environment
Technological environment
Political environment
Economic environment
MCQ
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Solution
Economic environment
Explanation:
The scenario described involves changes in the availability of money, interest rates, and lending by banks, all of which are key components of the economic environment. Demonetisation directly impacted the monetary system and banking activities, influencing consumer affordability and credit accessibility.
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