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Which among the following organisations releases Index of Economic Freedom?
1. Heritage Foundation
2. Fraser Institute
3. International Monetary Fund
4. World Bank

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Correct Answer - Option 1 : Heritage Foundation

The correct answer is Heritage Foundation.

  • The Index of Economic Freedom is an annual index and ranking which measure the degree of economic freedom in the world's nations.
  • Heritage Foundation releases Index of Economic Freedom.
  • Heritage Foundation -  a conservative public policy research organization of The United States with its headquarter in Washington D.C. was founded in 1973 by Edwin Feulner and Paul Weyrich.
  • India's rank is 120 for 2020 Index of Economic Freedom.

  • Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please.
  • In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.

  • International Monetary Fund is an international financial institution founded in July 1944, its headquarter is in Washington D.C, U.S.​​
    • It is part of the United Nations system but independent in its function.
    • It promotes international financial stability and monetary cooperation.
    • It also facilitates international trade, promotes employment and sustainable economic growth, and helps to reduce global poverty. 
    • The IMF is governed by and accountable to its 190 member countries.
  • World Bank is an international financial institution founded in 1944, its headquarter is​ in Washington D.CU.S.​​
    • It is part of the United Nations system but independent in its function.
    • ​It helps developing countries by offering loans and tailored knowledge and advice.
    • It works with country governments, the private sector, civil society organizations, regional development banks, think tanks, and other international institutions on issues ranging from climate change, conflict, and food security to education, agriculture, finance, and trade.
    • It has 189 member countries.
  • Fraser Institute is public policy think tank and registered charity founded in 1974, its headquartered is in Vancouver, Canada.
    • It's work is to improve the quality of life for Canadians, their families, and future generations by studying, measuring, and broadly communicating the effects of government policies, entrepreneurship, and choice on their well-being.
    • Fraser Institute has rank 14 in the top think tanks worldwide and rank1 in the top think tanks in Mexico and Canada according to the January 2020 Global Go To Think Tank Index Report.

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