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Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt 'winners' to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.
In which year did the World Bank decide to stop publishing the 'Ease of Doing Business' reports due to "data irregularities"?
In which year did the World Bank decide to stop publishing the 'Ease of Doing Business' reports due to "data irregularities"?
- a)September 2020
- b)September 2021
- c)October 2020
- d)September 2022
Correct answer is option 'B'. Can you explain this answer?
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Recently, World Bank postulated that Digital markets work differently ...
Reason for World Bank stopping publication of Ease of Doing Business reports:
- Data Irregularities: In September 2021, the World Bank decided to stop publishing the Ease of Doing Business reports due to "data irregularities" that were found in the 2018 and 2020 editions of the report.
- Investigation: The decision to halt the publication came after an investigation revealed that there were irregularities in the way data was collected and processed for the reports. These irregularities undermined the integrity and reliability of the rankings.
- Consequences: The suspension of the Ease of Doing Business reports was a significant move as these reports were widely used by governments, businesses, and investors to assess the business environment in different countries. The decision to stop publishing the reports was aimed at ensuring the accuracy and credibility of the data provided by the World Bank.
- Impact: The suspension of the reports highlighted the importance of transparency and accuracy in data collection and analysis. It also raised questions about the methodology used in compiling the Ease of Doing Business rankings and the need for greater scrutiny and oversight in such assessments.
- Future: The World Bank has stated that it is committed to improving the quality and reliability of its data and will work to address the issues that led to the suspension of the reports. It is essential for organizations like the World Bank to uphold the highest standards of data integrity to maintain trust and credibility in the reports they produce.
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Recently, World Bank postulated that Digital markets work differently ...
September 2021 World Bank Group had decided to discontinue publication of its ‘Doing Business” rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports.
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Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer?
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Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer?.
Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently, World Bank postulated that Digital markets work differently than traditional physical markets. The winner-take-all markets of the digital economy prompt winners to resort to certain actions that discourage competition, the Standing Committee on Finance, chaired by Jayant Sinha, said in its report. The committee interacted with Indian representatives of foreign big tech companies like Amazon, Apple, Facebook, Google, Netflix, Twitter, and Uber, as well as representatives of domestic companies like PayTM, MakeMyTrip, Zomato, Ola, Swiggy, Flipkart, etc., to identify competition concerns.In which year did the World Bank decide to stop publishing the Ease of Doing Business reports due to "data irregularities"?a)September 2020b)September 2021c)October 2020d)September 2022Correct answer is option 'B'. Can you explain this answer?.
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