Q1. Governments are trying to make rules for businesses simpler and easier to understand.
This approach is known as:
- (a) Making rules harder
- (b) Streamlining regulations
- (c) Ignoring rules
- (d) Creating more rules
Answer & solution
Answer: (b) Streamlining regulations
Streamlining regulations means simplifying and rationalising existing rules to make them clearer, fewer, and easier to comply with. This reduces the compliance burden on businesses and is a key goal of Ease of Doing Business reforms.
Option 1: Incorrect. Making rules harder is the opposite.
Option 3: Incorrect. Ignoring rules would be unlawful.
Option 4: Incorrect. Creating more rules adds complexity.