Question

Interest is calculated on the overdrawn amount at --------------interest for the number of days the account was in -----------balance.

Answer 1

In World Development Report 2006, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of Rs 4,53,000 per annum and above in 2004, are called rich countries and those with per capita income of Rs 37,000 or less are called low-income countries.