UPSC Prelims 2016 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?

Explanation: 

• The Ease of Doing Business (EoDB) index is a ranking system established by the World Bank Group. In the EODB index, ‘higher rankings’ (a lower numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
  
  

• This index aggregates information from 10 areas of business regulation namely: 
  • Starting a Business of all
  • Dealing with Construction Permits
  • Getting Electricity
  • Registering Property
  • Getting Credit
  • Protecting Minority Investors
  • Paying Taxes
  • Trading across Borders
  • Enforcing Contracts
  • Resolving Insolvency
• India and EoDB: India has emerged as one of the most attractive destinations not only for investments but also for doing business. India jumped 79 positions from 142nd (2014) to 63rd (2019) in 'World Bank's Ease of Doing Business Ranking 2020'.
  
  

Therefore, option (3) is the correct answer.

Relevance: Recently India's position has improved in the Ease of Doing Business Index.

Subject: Economics | Economic Organisations and Conventions