Page 116 - DMGT401Business Environment

Unit 4: Political Environment

5. ..................................... depends upon the purchasing power of the consumer which, in turn, Notes
depends upon supply of money and the supply of money is decided by the government
(RBI).
6. The ..................................... provides for trifurcation of responsibilities between the Executive,
the Legislature and the Judiciary.

7. The ..................................... comprises two houses-the Lok Sabha and the Rajya Sabha
8. The Parliament is responsible for ..................................... in India.
9. The ..................................... comprises the President, the Vice-President and the Council of
Ministers headed by the Prime Minister.

4.7 Review Questions

1. Discuss how the government regulates business.
2. Explain, in brief, how the government can influence business by investing in infrastructure.

3. "Industry relives the Human Resource because the blessing of government". Discuss this
statement.

Answers : Model Answer

1. Investment 2. Licensing
3. FDI 4. Industry

5. Demand 6. Constitution
7. Union Legislature (Parliament) 8. Enacting laws
9. Executive

4.8 Further Readings

Books Bedi Suresh, Business Environment, Excel Books, 2006
Mishra, Puri, Economic Environment of Business, Himalaya Publications House,
2006
Mittal Vivek, Business Environment, Excel Books, 2007
Spiro George W., The Legal Environment of Business, Englewood Cliffs, NJ, Prentice
Hall, 1993

Online link \\http.goi.ac.in

LOVELY PROFESSIONAL UNIVERSITY 109