Question

What is the main criterion used by the World Bank in classifying country?
(3marks)

Answer 1

World bank classifies different countries based on their per capita income into 2 groups rich and poor.
Rich countries - Rs 453000 per annum
Poor countries - Rs 37000 per annum
The world bank has taken only one criterion to classify countries. This is quite inadequate to asses the real development achived by a country . It should have added other factors such as health ,educational status etc.

Answer 2

Answer:

The main criterion used by world Bank to classifying the country :

Explanation:

*On the basics of money

*On the basics of poverty line

*On the basics of economic development

*On the basics of development

These are the criterion used by the world Bank to classify the country

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