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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?
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.
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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?
Question Description
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?.
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