UPSC Economics People as Resource Question Bank Structure of Economy and Human Resources in India

  • 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? (IAS Prelims 2016)

    A) Organization for Economic Cooperation and Development (OECD)

    B) World Economic Forum

    C) World Bank

    D) World Trade Organization (WTO)

    Correct Answer: C

    Solution :

    The ease of doing business index is an index created by the World Bank Group. It is an annual report on the state of health of economies based on detailed diagnostics not of the relatively more visible features (such as growth) and various macroeconomic parameters (such as the public debt) but of underlying and embedded characteristics.

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