Discussion

Explanation:

By observation,

i.    Sum of Factor Scores of Infrastructure > Sum of Factor Scores of Technological Readiness
ii.    Sum of Factor Scores of Institutions > Sum of Factor Scores of Market Efficiency
 
So, it is sufficient to compare values of Infrastructure and Institution.

The total score for Infrastructure

= 4 + 4 + 5.25 = 13.25

The total score for Institution

= 4.25 + 4.75 + 4.5 = 13.5

Therefore, Institutions has the highest average across indices of 2010, 2012 and 2014.

Hence, option (b).

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