WBCS.LIVE practice question

Which of the following prominent international organizations publishes the annual 'Global Competitiveness Report'?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. World Bank Group
  2. International Monetary Fund (IMF)
  3. World Economic Forum (WEF)
  4. United Nations Development Programme (UNDP)

Correct answer and explanation

Correct answer: World Economic Forum (WEF)

Explanation: āœ… Correct Answer: C) World Economic Forum (WEF) šŸ“š Explanation: The 'Global Competitiveness Report' is a highly influential annual economic publication released by the World Economic Forum (WEF). It rigorously assesses the microeconomic and macroeconomic foundations of national competitiveness, ranking countries based on various indicators like institutions, infrastructure, and macroeconomic stability. This comprehensive report assists policymakers worldwide in identifying deep structural weaknesses and formulating robust strategies to improve economic productivity.