Question

 Find the incorrect option from the following with reference to the World Development Report: *

(a) Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries.

(b) Those with per capita income of US$ 755 or less are called low – income countries.

(c) India comes in the category of low middle income countries.

(d) Its per capita income in 2017 was just US $ 1820 per annum .​

Answer 1

Answer:

B is the correct✅ Answer

Answer 2

According to World Development Report states that the countries having with $1,046 and $4,095 come under low middle economies not worth US$ 755 or less.

• Such economies include a GNI per capita which is been calculated with the help of the World Bank Atlas method. This is defined as low-income economies. Low-income economies worth $1,045 or less.
• The GNI per capita of lower-middle-income economies falls between $1,046 and $4,095
• Low middle-income countries include countries line and under them. India is considered as a country with low middle- economy as their GNI per capita income was only $ 1340.4 per anum in 2010.

Hence, option b is the correct option.