Financial secrecy index - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about financial secrecy index?

1. It is published by world bank annually
2. Switzerland has been ranked number one for financial secrecy for the third consecutive time


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Only 2

Explanation:
- Financial secrecy index is published by Tax Justice Network (TJN) which is an advocacy group consisting of a coalition of researchers and activists with a shared concern about tax avoidance, tax competition and tax havens.
- Besides Switzerland, Hong Kong, the United States, Singapore and Cayman Islands made the top five.
- India ranks.
- India ranked 45 in the list of 92 countries in 2015 in comparison to 32 in 2013