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UPSC Prelims & Mains Questions
Which one of the following is not a sub-index of the World Bank's 'Ease of Doing Business Index'?
A)
Maintenance of law and order
B)
Paying taxes
C)
Registering property
D)
Dealing with construction permits

Correct Answer :   Maintenance of law and order

Note :

A nation's ranking on the index is based on the average of 10 subindices : 

• Starting a business – Procedures, time, cost and minimum capital to open a new business
• Dealing with construction permits – Procedures, time and cost to build a warehouse
• Getting electricity – procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse
• Registering property – Procedures, time and cost to register commercial real estate
• Getting credit – Strength of legal rights index, depth of credit information index
• Protecting investors – Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
• Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
• Trading across borders – Number of documents, cost and time necessary to export and import
• Enforcing contracts – Procedures, time and cost to enforce a debt contract
• Resolving insolvency – The time, cost and recovery rate (%) under bankruptcy proceeding

Source : World Bank Website
 

Year : 2019
Category : Economy
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