Which indicator in EODB (Ease of Doing Business) measures the time and cost to resolve commercial disputes?

Correct option is B

The correct answer is: (b) Enforcing contracts
Explanation:
· In the Ease of Doing Business (EODB) Index by the World Bank, the indicator “Enforcing Contracts” measures the time and cost to resolve commercial disputes through a local court.
· It also evaluates the quality of judicial processes.
Information Booster:
· EODB Index started in 2003 by the World Bank.
· It ranks countries on 10 indicators like Starting a Business, Getting Credit, Paying Taxes, Enforcing Contracts, Trading Across Borders etc.
· India’s rank improved from 142 (2014) to 63 (2020).
· Delhi and Mumbai are the two benchmark cities for India’s ranking.
· The World Bank discontinued EODB reports after 2021 due to data irregularities.
Additional Knowledge:
· Option (a) Dealing with construction permits: Measures time & cost for construction approvals.
· Option (c) Trading across borders: Focuses on export/import compliance, documents, time & cost.
· Option (d) Getting electricity: Measures procedures, time, and cost to obtain an electricity connection