India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?
✓ Correct answer: c) World Bank
ExplanationEase of Doing Business Index is published by the World Bank.It is an aggregate figure that includes different pa- rameters which define the ease of doing business in a country.It is calculated by adding up the distance to frontier ratings of vari- ous economies.The “regulatory best practices” for conducting business serve as the basis for the distance to frontier score, which compares economies based on that parameter.The index for ease of doing business is calculated based on the follow- ing indicators: Construction permits, registration, obtaining financing, tax payment mechanisms, etc. 348
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