Assertion: World Bank has classified countries into rich and low income based on per capita income.
Reason: Per capita income is the only attribute to measure the level of development for a nation or a state
a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true and R is the not correct explanation of A
c)
A is correct but R is wrong.
d)
A is wrong but R is correct
Correct answer is option 'C'. Can you explain this answer?

Question

Assertion: World Bank has classified countries into rich and low income based on per capita income.
Reason: Per capita income is the only attribute to measure the level of development for a nation or a state

a)
Both A and R are true and R is the correct explanation of A
b)
Both A and R are true and R is the not correct explanation of A
c)
A is correct but R is wrong.
d)
A is wrong but R is correct

Correct answer is option 'C'. Can you explain this answer?

Answer

Countries are classified into rich and poor countries on the basis of per capita income, but for classifying on the basis of development  several other factors like health, literacy rate and so on...are equally important

Answer

Yes, assertion is true because world bank classifies countries into rich and low income countries on the basis of per capita income.

But, reason is wrong because per capita income is not only the measure to find level of development of a nation or state. Other measures to count level of development of a country or state are literacy rate, life expectancy, dropout rate and enrolment ratio.

Answer

The correct answer is option 'C': A is correct but R is wrong.

Explanation:
Per capita income refers to the average income earned per person in a country or region. The World Bank does classify countries based on per capita income, but it is incorrect to say that this is the only attribute used to measure the level of development for a nation or state. There are several other indicators that are considered when assessing the level of development of a country. Some of these indicators include education levels, healthcare infrastructure, poverty rates, employment rates, access to basic amenities, and overall standard of living.

Per capita income is an important indicator as it provides a general idea of the economic well-being of the population. However, it does not provide a complete picture of a country's development. For example, a country with a high per capita income may still have significant income inequality and a large proportion of its population living in poverty. On the other hand, a country with a lower per capita income may have a more equitable distribution of wealth and better social development indicators.

The World Bank uses the classification of low-income and high-income countries based on per capita income as a way to group countries for comparative purposes. This classification helps in analyzing trends, comparing economic growth rates, and formulating policies. However, it is important to note that the World Bank also considers other factors when assessing a country's development, such as the Human Development Index (HDI) which takes into account factors like life expectancy, education, and income.

In conclusion, while per capita income is an important indicator of a country's development, it is not the only attribute that is used to measure development. The World Bank does classify countries based on per capita income, but it also considers other indicators to provide a more comprehensive assessment of a country's level of development. Therefore, option 'C' is the correct answer.

Answer

Yes

Answer

Option c

Answer

Yes because besides per capita income world Bank uses other criteria to classify countries such as helth status, education level, infant mortality rate etc.

Similar Class 10 Doubts

Direction: Mark the option which is most suitable:Assertion : Global production has a complex structure.Reason : Production of one good may take place in different parts of the world. For instance, an equipment may be formed by combining components produced in different countries.

Assertion (

Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.

Top Courses for Class 10View all

Science Class 10

Social Studies (SST) Class 10

Mathematics (Maths) Class 10

English Grammar Advanced

English Grammar Basic

Top Courses for Class 10

Top Courses for Class 10

Suggested Free Tests

Related Content

About Class 10

Class 10 Study Material

Class 10 All Subjects

NCERT Textbook Solutions

Other Classes

Important Links

Company