Q: Formation year of World Economic Forum is  

Answer: B

The World Economic Forum (WEF) is a Swiss non-profit foundation, based in Cologny, Geneva. Recognized by the Swiss authorities as an international body, its mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas".

The Forum is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world. Often this location alone is used to identify meetings, participation, and participants with such phrases as, "a Davos panel" and "a Davos Man".

Formation year of World Economic Forum is 1971.

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