12th Class Business Studies Business Environment Question Bank Case Based MCQs - Business Environment

  • question_answer
    Direction (16-20): Read the following text and answer question numbers 16-20 on the basis of the same. The governments all over the world are becoming more and more cautious towards the environment. To ensure the same, recently, many state governments passed an order to ban polythene bags since these are non-biodegradable. As a result, the government also decided to give a subsidy to jute industry (bags). The minister said in the statement that they believe it will be helpful as incomes of people are rising and people can afford jute bag. After this subsidy, Purab saw great potential in jute multi-pocket bags business which was it established yet in India but had been flourishing in UK where he studied during his graduation. He launched the product and his business started to boom. So, more companies entered into the market with other articles and improvisations.
    Which business dimension is highlighted in the line, "As a result, the government also decided to give a subsidy to jute industry (bags)"?

    A) Legal

    B) Political

    C) Economic

    D) Social

    Correct Answer: B

    Solution :

    [b]


You need to login to perform this action.
You will be redirected in 3 sec spinner