BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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United Nations Organisation (UNO)
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South Asian Association for Regional Cooperation (SAARC)
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World Bank
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Association of South East Asian Nations (ASEAN)
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Detailed explanation-1: -Definition: Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country.
Detailed explanation-2: -The World Bank announced in December 2022 that it would be releasing the methodology for the replacement to the index in the second quarter of 2023.
Detailed explanation-3: -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.
Detailed explanation-4: -It is published by World Bank Group.
Detailed explanation-5: -What is the Ease of Doing Business index? It is an index designed by the World Bank to rank 190 economies. A higher rank (closer to 1) means the country’s regulatory environment is favorable to business operations.