Which of these is NOT a parameter in the Ease of Doing Business (EoDB) index?
Show answer & explanation
Correct answer: C
Explanation
Answer: (C) Military spending
Explanation:
The 'Ease of Doing Business' index used to be published by the World Bank. This index utilizes 10 key indicators to measure the ease of starting and operating a business within a country.
Military expenditure has no relevance to this index, as it pertains to national security and the defense budget, rather than to business facilitation.
The 10 key parameters of the 'Ease of Doing Business' index are as follows:
Starting a business
Dealing with construction permits
Getting electricity
Registering property
Getting credit
Protecting minority investors
Paying taxes
Trading across borders
Enforcing contracts
Resolving insolvency
Additional Points:
The World Bank has now launched the B-READY (Business Ready) project to replace this index.
India made a significant leap in these rankings since 2014, and in the 2020 report, India was ranked 63rd.
Potential Exam Questions and Answers:
Question: Which international organization used to publish the 'Ease of Doing Business' (EoDB) report?
Answer: The World Bank.
Question: Which ministry/department publishes the 'Ease of Doing Business' rankings for states within India?
Answer: The DPIIT (Department for Promotion of Industry and Internal Trade), under the Ministry of Commerce and Industry.
Question: Which organization has launched the 'Business Ready' (B-READY) initiative, which is set to replace the EoDB index?
Answer: The World Bank.