Question

what is the main criterion used by the world Bank in classifying different countries ? what are the limitations of this criterion , if any?

Answer 1

The main criterion used by the world Bank in classifying different countries is Per Capita Income.
LIMITATIONS are:
They do not concentrate on factors such as Life Expentancy and education and Literacy Rate etc

Answer 2

Per Capita Income criterion is used by the World Bank in classifying different countries. 2)Countries with per capita income of rs.4,53,000 & above per annum are called richcountries. 3) Countries between 4,53,000& 37,000 per annum are called middle income countries
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