2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to British magazine The Economist, what is the india’s rank of crony-capitalism index
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8
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9
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4
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3
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Explanation:
Detailed explanation-1: -By India Today Web Desk: India has been ranked at the 9th position in the index of crony-capitalism. India’s crony-sector wealth accounts for only 3.4 percent of the gross domestic product (GDP) as per the new study by The Economist.
Detailed explanation-2: -By the way, there’s an international crony capitalism index. Russia tops the index. India is No. 9, and China No.
Detailed explanation-3: -Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class.
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