UPSC Prelims Marathon Quiz

Statement 1 is incorrect. The World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland.

Statement 2 is correct. WEF has been recognized by the Swiss authorities as the international institution for public-private cooperation.

WEF aims to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

Founder and Executive Chairman: Klaus Schwab.

Some major reports published by WEF are:

1.Energy Transition Index.

2.Global Competitiveness Report.

3.Global IT Report

4.WEF along with INSEAD, and Cornell University publishes this report.

5.Global Gender Gap Report.

6.Global Risk Report.

7.Global Travel and Tourism Report.