BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“Doing business report” published by
A
World Bank
B
IMF
C
ADB
D
WTO
Explanation: 

Detailed explanation-1: -In 2021, the World Bank discontinued the Doing Business Report following allegations of irregularities, data manipulation, undue influence, and unethical behavior by bank staff including Djankov, former World Bank president Jim Yong Kim, and IMF managing director Kristalina Georgieva.

Detailed explanation-2: -According to the World Bank, India ranked 63rd in 2022 in ease of doing business across the world among 190 countries, improving its rank from 142 in 2014.

Detailed explanation-3: -India’s “rank in ease of doing business according to World Bank report has improved from 142 in 2014 to 63 in 2022 and reduction in compliances is now a major focus.

Detailed explanation-4: -To the shock of many, World Bank recently announced that it is discontinuing the EoDB report after an independent audit confirmed data irregularities and more worryingly, unethical conduct by its officials.

Detailed explanation-5: -The correct answer is World Economic Outlook. World Economic Outlook is published by IMF.

There is 1 question to complete.