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According to the World Bank`s Doing Business Report for 2018, India`s ranking has improved in the areas of resolving insolvency and starting a business.
Option 1 states that the ranking has improved in "paying taxes" only. However, this is not correct as the report does not mention any improvement in India`s ranking in paying taxes.
Option 2 states that the ranking has improved in "resolving insolvency" only. This is correct based on the information provided in the question. The report indicates an improvement in India`s ranking in this area.
Option 3 states that the ranking has improved in "paying taxes", "resolving insolvency", and "starting a business". However, this is not correct as there is no mention of any improvement in India`s ranking in paying taxes.
Option 4 states that the ranking has improved in "resolving insolvency", "starting a business", and "getting electricity". However, this is not correct as there is no mention of any improvement in India`s ranking in getting electricity.
Therefore, the correct answer is option 2 - India`s ranking has improved in resolving insolvency and starting a business, according to the World Bank`s Doing Business Report for 2018.