Multiple Choice Questions on India has made substantial gains in the World Bank rsquo s Doing Business rankings from 142 in 2014 ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

India has made substantial gains in the World Bank rsquo s Doing Business rankings from 142 in 2014 ...........

Economic Affairs Growth and Indicators
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    India has made substantial gains in the World Bank’s Doing Business rankings from 142 in 2014 to 63 in 2019. However, it continues to trail in parameters such as;

    1. Ease of Starting Business
    2. Registering Property 
    3. Paying Taxes
    4. Enforcing Contracts

    1 only

    Incorrect Answer

    1, 2 and 3

    Incorrect Answer

    2 and 3

    Incorrect Answer

    1,2,3 and 4

    Correct Answer
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    Explanation:

    As per Economic Suvery 2019-20, India has made substantial gains in the World Bank’s Doing Business rankings from 142 in 2014 to 63 in 2019.

    However, it continues to trail in parameters such as:-

    •Ease of Starting Business (rank 136),
    •Registering Property (rank 154),
    •Paying Taxes (rank 115), and
    •Enforcing Contracts (rank 163).

    Registering property in Delhi and Mumbai takes 49 and 68 days respectively, while it takes 9 days in China and 3.5 days in New Zealand.

    *Export competitiveness depends not only on the cost of production but also on the efficiency of logistics

    By: Abhishek Sharma
    ProfileResources

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