The Economic Survey 2019 suggests that psychological studies can be used in the realm of tax complia...........

Business Studies (CUET) Business Environment

The Economic Survey 2019 suggests that psychological studies can be used in the realm of tax compliance. It is in favour of using religious norms such as "dying debt is a sin" to improve tax compliance. Identify the related dimension of business environment.

Options for Dimensions:

A: Economic
B: Social
C: Technological
D: Legal
E: Political

Choose the correct answer from the options given below:

This questions was previously asked in

CUET BUSINESS STUDIES Previous Year Paper (2022)

View All cuet Previous Year Papers

A & D

B & D

E & C

A & E

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Explanation:

Explanation:
In this question, the psychological studies and religious norms represent social dimensions because they are linked to beliefs and customs in society.

Social Environment (B): It includes traditions, customs, beliefs, and values that influence business practices. Using religious norms to promote tax compliance directly connects to social factors.
Legal Environment (D): Tax compliance is governed by tax laws and regulations, making the legal environment another dimension influencing this practice.

Hence, the correct combination is B (Social) and D (Legal).