'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)
Correct answer
Explanation
The correct answer is C, World Bank. The Ease of Doing Business ranking was published by the World Bank in its annual Doing Business report.
The World Bank released the Doing Business report every year from 2003, ranking economies on how easy their rules made it to run a small firm, using indicators such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, paying taxes, trading across borders, enforcing contracts and resolving insolvency. India climbed sharply in these rankings in the late 2010s, reaching 63rd place in the 2020 report. In September 2021 the World Bank discontinued the report after an inquiry into irregularities in its data, and has since replaced it with a new assessment called Business Ready (B-READY).
A is wrong: the OECD publishes reports such as the Economic Outlook and runs PISA, not this ranking.
B is wrong: the World Economic Forum publishes the Global Competitiveness and Global Gender Gap reports.
D is wrong: the WTO deals with trade rules and publishes the World Trade Report.
Exam tip: Doing Business = World Bank (stopped 2021, replaced by B-READY); Global Competitiveness and Gender Gap = WEF.
Practice Questions
View allWhich one of the following equals Personal Disposable Income ?
- A.Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.
- B.Private Income - Saving of Private Corporate Sectors - Corporation Tax
- C.Private Income - Taxes
- D.Total expenditure of Households - Income Tax - Gifts received
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In national income accounting the steps run from private income to personal income to personal disposable income. Private income is the factor income of the private sector plus transfers.
Read the full explanation →With reference to India, consider the following pairs:
Organization : Union Ministry
I. The National Automotive Board : Ministry of Commerce and Industry
II. The Coir Board : Ministry of Heavy Industries
III. The National Centre for Trade Information : Ministry of Micro, Small and Medium Enterprises
How many of the above pairs are correctly matched?
- A.Only one
- B.Only two
- C.All the three
- D.None
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Each organisation is paired with the wrong ministry. The National Automotive Board works under the Ministry of Heavy Industries; it supports the automobile sector with testing and certification work and helps run schemes for the industry.
Read the full explanation →If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?
1. Cut and optimize the Statutory Liquidity Ratio
2. Increase the Marginal Standing Facility Rate
3. Cut the Bank Rate and Repo Rate
Select the correct answer using the code given below:
- A.1 and 2 only
- B.2 only
- C.1 and 3 only
- D.1, 2 and 3
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An expansionist policy aims to make money cheaper and more plentiful, so the RBI would not raise the Marginal Standing Facility rate, which makes borrowing dearer.
Read the full explanation →Which of the following is/are the aim/aims of "Digital India" Plan of the Government of India?
1. Formation of India's own Internet companies like China did.
2. Establish a policy framework to encourage overseas multinational corporations that collect Big Data to build their large data centres within our national geographical boundaries.
3. Connect many of our villages to the Internet and bring Wi-Fi to many of our schools, public places and major tourist centres.
Select the correct answer using the code given below:
- A.1 and 2 only
- B.3 only
- C.2 and 3 only
- D.1, 2 and 3
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Connecting villages to the Internet and offering Wi-Fi in schools and public places is part of Digital India; the other two are not its stated aims.
Read the full explanation →With reference to Foreign Direct Investment in India, which one of the following is considered its major characteristic?
- A.It is the investment through capital instruments essentially in a listed company.
- B.It is a largely non-debt creating capital flow.
- C.It is the investment which involves debt-servicing.
- D.It is the investment made by foreign institutional investors in the Government securities.
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FDI comes in as equity ownership, so India does not have to repay it with interest. Under Indian rules, FDI is investment by a person resident outside India in an unlisted company, or in ten per cent or more of the paid-up equity of a listed company.
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