BANKING AFFAIRS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India’s economic freedom score in 2014 stands at 5 5.7 and on the basis of it, India has been placed at____rank in the list of Economic Freedom Index 2014.
A
118th
B
119th
C
120th
D
121th
Explanation: 

Detailed explanation-1: -India ranks 120th in Index of Economic Freedom for 2014.

Detailed explanation-2: -Its rank was 90 in 2013, but 106 in 2014. In 2018, India’s rank was 114, and it reached its all-time low so far at 119 in 2019.

Detailed explanation-3: -India’s economic freedom score is 53.9, making its economy the 131st freest in the 2022 Index. India is ranked 27th among 39 countries in the Asia–Pacific region, and its overall score is below the regional and world averages.

Detailed explanation-4: -The latest value from 2022 is 54 index points. For comparison, the world average in 2022 based on 175 countries is 60 index points.

Detailed explanation-5: -As per the Economic Freedom Index (2021), Singapore is at the topmost position for the second year in a row. The top five countries are: Singapore. New Zealand.

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