Question

The highest ranking country for 2005-06 in "Global Competitiveness Report" of the World Economic forum is

• A. Finland
• B. U.S.A
• C. Singapore
• D. U.K

Answer 1

The Correct Option is C

Step 1: Understand the question
The question is about the "Global Competitiveness Report" published by the World Economic Forum (WEF) for the year 2005–06, which ranks countries based on their economic competitiveness, infrastructure, governance, institutions, and overall economic efficiency.

Step 2: About the Global Competitiveness Report
- The WEF publishes this report annually to evaluate the ability of countries to provide high levels of prosperity to their citizens.
- It is based on a combination of statistical data and surveys of business leaders.
- Parameters include infrastructure, macroeconomic stability, education, healthcare, technology adoption, and innovation capacity.

Step 3: Country ranked highest in 2005–06
In the 2005–06 edition of the report, **Singapore** was ranked as the most competitive economy in the world. Its strong infrastructure, corruption-free governance, highly efficient workforce, and open economy played a key role in earning it the top position.

Step 4: Importance of Singapore’s ranking
- Singapore is known for its strong trade policies and business-friendly regulations.
- It has consistently ranked among the top economies globally due to efficiency in governance and economic management.
- The 2005–06 recognition further solidified its position as a global hub for commerce and finance.

Step 5: Final justification
Since the World Economic Forum ranked Singapore as the top country in the Global Competitiveness Report 2005–06, the correct answer is confirmed.

Final Answer: The correct option is (C) Singapore.