The 'Ease of Doing Business' in India is measured by which index? MCQ with Answer and Explanation

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The 'Ease of Doing Business' in India is measured by which index?

A. Global Competitiveness Index

B. Logistics Performance Index

C. World Bank's Ease of Doing Business Index

D. Human Development Index

Answer: Option C

Solution (By JKSSB Mock Tests)

Ease of Doing Business is measured by the World Bank's index.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax Network' is a:

A. ministry under government

B. tax collection department

C. non-government IT company providing GST portal

D. regulatory authority

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Correct Answer: Option C

Explanation:
GSTN is a non-government, private limited company that provides the IT infrastructure for GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Logistic Performance Index' is published by:

A. WTO

B. IMF

C. World Bank

D. UNCTAD

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Correct Answer: Option C

Explanation:
The Logistics Performance Index is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Algorithmic Transparency' refers to:

A. The complete secrecy of all algorithms

B. Only the source code of open-source software

C. Only human decision-making without algorithms

D. The degree to which the functioning, criteria and effects of algorithms used by platforms or public authorities can be understood and scrutinised

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Correct Answer: Option D

Explanation:
Algorithmic transparency concerns the extent to which the logic, data and outcomes of algorithmic systems are open to inspection, explanation and accountability by users, regulators or the public.

This question belongs to: Economy GK Economy Set 1

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