CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the World Bank, businesses and individuals pay more than _________ in bribes every year.
A
$75 billion
B
$2 trillion
C
$50 billion
D
$1 trillion
Explanation: 

Detailed explanation-1: -According to the United Nations, every year, an estimated US$1 trillion is paid in bribes and US$2.6 trillion is stolen through corruption.

Detailed explanation-2: -Finding Fraud Event Replay According to the United Nations every year an estimated US$1 trillion is paid in bribes and US$2.6 trillion stolen through corruption. Together, this sum represents five (5) percent of annual global GDP.

Detailed explanation-3: -The most popular and simplest definition of corruption is that it is the abuse of public. power for private benefit. This is the definition used by the World Bank."

Detailed explanation-4: -Corruption, bribery, theft and tax evasion cost some US $1.26 trillion for developing countries per year.

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