Question

What is the main criterion used by the World Bank
in classifying different countries?
(a) Literacy rate
(b) Crude oil reserves
(c) Per capita income
(d) None of these

Answer 1

$\underline{\bf Answer :-}$

Per Capita income

$\underline{ \bf Explanation :-}$

The main criterion used by the World Bank in classifying different countries is per Capita income. Per Capita income is the average income of the country's population. Its formula is :

$\color{royalblue}\boxed{ \sf Per \: Capita \: income = \frac{Total \: income }{Total \: population} }$