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Consider the following statements regarding the Business-Ready Index (B-READY):
Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.
Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.
Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.
Which one of the following is correct regarding the above statements?
- a)Both Statement I and Statement III are correct, but Statement II is incorrect
- b)Both Statement I and Statement II are correct, but Statement III is incorrect
- c)All three statements are correct
- d)Only Statement II is correct
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the Business-Ready Index (...
Answer: (a)
Explanation:
Statement I is correct because the B-READY Index is a new initiative designed to evaluate the business environment globally. Statement II is incorrect because the B-READY Index incorporates broader parameters such as digitalization, environmental sustainability, and gender equality. Statement III is correct, as the index plans to initially cover 54 economies with the goal of expanding to 180 countries by 2026. Therefore, option (a) is the correct answer.
Statement I is correct because the B-READY Index is a new initiative designed to evaluate the business environment globally. Statement II is incorrect because the B-READY Index incorporates broader parameters such as digitalization, environmental sustainability, and gender equality. Statement III is correct, as the index plans to initially cover 54 economies with the goal of expanding to 180 countries by 2026. Therefore, option (a) is the correct answer.
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Consider the following statements regarding the Business-Ready Index (...
Explanation of the B-READY Index Statements
The Business-Ready Index (B-READY) is a significant initiative by the World Bank aimed at assessing the business environment across different countries. Here's a detailed evaluation of the statements provided:
Statement I: Correct
- The B-READY Index is indeed a new initiative developed by the World Bank.
- Its primary aim is to evaluate the business environment in various economies globally, making it a valuable tool for understanding regional business dynamics.
Statement II: Incorrect
- This statement claims that the B-READY Index only focuses on traditional business parameters like starting a business and enforcing contracts.
- However, the index actually incorporates modern considerations, including aspects of digitalization, gender equality, and other contemporary factors that impact the business environment.
Statement III: Correct
- The B-READY Index is set to initially cover 54 economies.
- There are plans for an expansion to include 180 countries by 2026, showcasing the index's ambition to provide a comprehensive overview of business readiness worldwide.
Conclusion
- Based on the evaluation, Statements I and III are correct while Statement II is incorrect.
- Therefore, the correct answer choice is (a) Both Statement I and Statement III are correct, but Statement II is incorrect.
This highlights the B-READY Index's focus on both traditional and modern business parameters, ensuring a holistic approach to assessing the business climate.
The Business-Ready Index (B-READY) is a significant initiative by the World Bank aimed at assessing the business environment across different countries. Here's a detailed evaluation of the statements provided:
Statement I: Correct
- The B-READY Index is indeed a new initiative developed by the World Bank.
- Its primary aim is to evaluate the business environment in various economies globally, making it a valuable tool for understanding regional business dynamics.
Statement II: Incorrect
- This statement claims that the B-READY Index only focuses on traditional business parameters like starting a business and enforcing contracts.
- However, the index actually incorporates modern considerations, including aspects of digitalization, gender equality, and other contemporary factors that impact the business environment.
Statement III: Correct
- The B-READY Index is set to initially cover 54 economies.
- There are plans for an expansion to include 180 countries by 2026, showcasing the index's ambition to provide a comprehensive overview of business readiness worldwide.
Conclusion
- Based on the evaluation, Statements I and III are correct while Statement II is incorrect.
- Therefore, the correct answer choice is (a) Both Statement I and Statement III are correct, but Statement II is incorrect.
This highlights the B-READY Index's focus on both traditional and modern business parameters, ensuring a holistic approach to assessing the business climate.
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Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer?
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Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer?.
Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?a)Both Statement I and Statement III are correct, but Statement II is incorrectb)Both Statement I and Statement II are correct, but Statement III is incorrectc)All three statements are correctd)Only Statement II is correctCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
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