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Aspirant Academy
ENHI

RAS question

The Ease of Doing Business ranking was published by:

Correct answer: (D) World Bank.

The Ease of Doing Business ranking was published by the World Bank in its Doing Business Report.

  1. (A)

    WTO

  2. (B)

    IMF

  3. (C)

    UNCTAD

  4. (D)

    World Bank

Explanation

The official Ease of Doing Business page of the Department for Promotion of Industry and Internal Trade (DPIIT) describes the ranking as the World Bank's annual assessment, published in the Doing Business Report. The report ranked economies according to how easy it was to start and run a business in a country, using parameters from across the business lifecycle. For India, the assessment was limited to Mumbai and Delhi. This makes the World Bank the correct answer, rather than a trade, finance, or investment body. The World Bank published the ranking through 2020, and India's position improved from 142nd in 2014 to 63rd in 2020. The ranking was discontinued after data irregularities; the same DPIIT page states that World Bank Group management later ceased publication of the Doing Business Report and links to the newer Business Ready framework.

Why the other options are wrong

  • (A) WTO is associated with trade rules and the multilateral trading system, but the official DPIIT page attributes the Ease of Doing Business assessment and the Doing Business Report to the World Bank.
  • (B) IMF is associated with macroeconomic stability and financial surveillance, but the official DPIIT page identifies the World Bank, not IMF, as the publisher of this ranking.
  • (C) UNCTAD is associated with investment and trade-development reports, but the Ease of Doing Business ranking was published by the World Bank in its Doing Business Report.

Concept

This question tests knowledge of international economic institutions and their flagship indices, a recurring RAS economy theme. Such indices help explain the regulatory environment and the direction of government policy and economic reform. The question also checks whether aspirants can distinguish among trade, monetary, investment, and development institutions instead of guessing from acronyms.

Source

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