India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?
Detailed Explanation:
Answer: Option 3 — World Bank
The Ease of Doing Business Index was published by the World Bank. This index ranked countries based on the regulatory environment for business operations, measuring factors such as starting a business, getting electricity, registering property, getting credit, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The index aimed to encourage countries to implement business-friendly reforms. However, the World Bank discontinued this index in September 2021 following investigations that revealed data irregularities and ethical concerns in the 2018 and 2020 reports.
Question 4 of 5 World Bank and its Initiatives
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