Financial secrecy index:
Q. 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- Published on 04 Nov 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Only 2
- 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
