Question

State whether the given statement is true or false-

The economic environment of business in India is changing at a fast rate mainly due to economic policies.

• A. True
• B. False
• C. Partly True
• D. Partly False

Answer 1

The correct option is B False

The economic environment of business in India is changing at a fast rate mainly due to economic policies- this is a false statement. Economic environment of business consists of various factors such as gross domestic product, income level, profit earning rate, productivity and employment rate, monetary and fiscal policy of the government, etc. The economic environment factors have immediate and direct impact on the business organizations.