CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Economic Freedom Index has been released by which organization?
A
World Health Foundation
B
World Bank
C
Heritage Foundation
D
Global Economic Facility
Explanation: 

Detailed explanation-1: -The Index of Economic Freedom is an annual index published and created by the Heritage Foundation and the Wall Street Journal to measure the economic freedom of nations around the world. Economic Freedom Index 2021 has been published by the Heritage Foundation in March 2021.

Detailed explanation-2: -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-3: -What is an Index of Economic Freedom? An index of economic freedom compares the jurisdictions against each other for various aspects, such as trade freedom, judicial effectiveness, and tax burden. These factors may be weighed for their influence on economic freedom and collated into a single score for ranking.

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.

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