Question

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) Organization for Economic Cooperation and Development (OECD)(b) World Economic Forum(c) World Bank(d) World Trade Organization (WTO)

Answer 1

B) world economic forum

Answer 2

The World Bank created the Ease of doing business index to show the effect of economic regulations in a country on running a business in that particular country. It was created by Simeon Djankov at the World Bank Group.

In simple terms higher the rank (a low numerical value) on this index indicate better and simpler regulations to run a business in that particular country. It also reflects stronger protections of property rights.