India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
- AOrganization for Economic Cooperation and Development (OECD)
- BWorld Economic Forum
- CWorld BankCorrect
- DWorld Trade Organization (WTO)
Explanation
The 'Ease of Doing Business Index' is an annual ranking published by the World Bank. This index measures regulations directly affecting businesses in 190 economies and 47 cities at the subnational level. It assesses various parameters such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The index aims to provide an objective basis for understanding and improving the regulatory environment for business.
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