2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
World Economic Forum
|
|
|
World Bank
|
|
|
United Nations Development Programme
|
|
|
International Monetary Fund
|
Detailed explanation-1: -Ans. The World Bank Group releases the Ease of Doing Business Report every year.
Detailed explanation-2: -The report was discontinued by the World Bank on September 14, 2021, following the release of an audit of the data irregularities. The audit documented how bank leadership pressured experts to manipulate the results of the 2018 and 2020 reports.
Detailed explanation-3: -It was created in 1944, as the International Bank for Reconstruction and Development (IBRD) along with the International Monetary Fund (IMF).
Detailed explanation-4: -Firstly, Doing Business had become too politicised. It was originally intended as a way to measure improvements in countries’ business environments. It used an index score based on the number of procedures and time to for example start a business or get a construction permit – there were ten indicators.
Detailed explanation-5: -World Bank to discontinue ‘Doing Business’ reports after irregularities found in data.