Question

Which country is No 1 in ease of doing business from last four years from 2017?

• A. Canada
• B. Norway
• C. United States
• D. New Zealand

Answer 1

The Correct Option is D

To determine which country has consistently ranked first in the Ease of Doing Business index from 2017 onwards, let's analyze the provided information and your options.

Understanding the Ease of Doing Business Index

The Ease of Doing Business index, maintained by the World Bank, ranks economies based on various factors that contribute to an environment conducive to starting and operating a local firm. These factors include starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

Analysis of Options

• Canada - While Canada performs well in various aspects of business environment facilitation, it hasn't ranked No. 1 in the Ease of Doing Business index.
• Norway - Like Canada, Norway has various positive attributes for business operations but has not achieved the top position in the past consecutive years.
• United States - The United States is a strong economy with a highly favorable business climate but hasn't been ranked No. 1 in this specific index during the mentioned period.
• New Zealand - New Zealand has consistently topped the Ease of Doing Business rankings from 2017 onwards, particularly excelling in categories such as starting a business and protecting minority investors.

Conclusion

Based on the information available regarding the World Bank's Ease of Doing Business rankings, the country that has maintained the No. 1 position consistently from 2017 is New Zealand.

This conclusion is drawn from the published reports of the World Bank, which documents the rankings and indicates that New Zealand's policies and the entrepreneurial environment have been conducive for business operations.