Which two characteristics should be included in the setting of a story?

The two characteristics which should be included in the setting of a story are:

the physical environment where the story takes place

the time period during which the events occur

Explanation:

Setting the time period in which the action in the story takes place. The settings influences and affects the feelings and nature of the characters. The condition and the place where the progression of the story takes place is known as its setting.

although mowgli is no longer accepted by the pack, he will always love his mother and brothers.

taking into account that a theme is the central topic a text treats and can be developed through a story, play, poem etc. the following are themes that can be further developed:  

my best friend jeffrey has many unusual interests. (the story could be about each of the unususal interests)

once a man gives his soul over to evil, he can never go back. (this could be a saying or a proverb)

the three sheepdogs lay around the yard all day. (it could be developed detailing how each of these sheepdogs lay around)

a priest's collar has an unusual effect upon people. (it could be developed detailing the different effect upon people)

innocence is a powerful force in a world full of corruption. (it could be developed detailing how is a world full of corruption)

king lear is a play shakespeare wrote later. (it is just a sentence and doesnt give any idea or topic to be discussed in details.

evil often wears the disguise of innocence. (this could be a saying or a proverb)