Question

Introduction of UPI payments across rural India is an example of which environmental dimension?

• A. Economic Environment
• B. Political Environment
• C. Technological Environment
• D. Social Environment

Hint:

The technological environment refers to advancements in technology that affect business operations, like digital payment systems such as UPI.

Answer 1

The Correct Option is C

The correct answer is Technological Environment. The introduction of UPI (Unified Payments Interface) payments across rural India is an example of a technological advancement. The technological environment encompasses the developments in technology that impact business operations and society. UPI is a technological innovation that has facilitated easier and more efficient digital transactions in rural areas, improving financial inclusion and enabling digital payments on a large scale. This technological change is part of the broader technological environment, which includes all technological advancements that influence business activities.