UPSC General Studies Solved Paper - General Studies-2016

  • question_answer
    India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?

    A)  Organisation   for   Economic   Cooperation   and Development (OECD)

    B)  World Economic Forum

    C)  World Bank

    D)  World Trade Organisation (WTO)

    Correct Answer: C

    Solution :

    Exp. [c] Ease of Doing Business ranking is annually released by World Bank in its Doing Business Report. Ranking of country in this list is based on index averages the country's percentile rankings on 10 indicators each having equal weightage. A higher ranking of country in this list means that its regulatory environment is more conducive and favourable for the starting and operation of firms. 10 indicators are: business, getting electricity, dealing with construction permits, registering property, protecting investors, getting credit, employing workers, trading across borders, paying taxes, enforcing contracts and resolving insolvency. India has been placed at 130th position among the 189 countries in the recently released World Bank's 2016 ranking of Ease of Doing Business report.


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