All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Class 10 Exam  >  Class 10 Questions  >  What is the main criterion used by the world ... Start Learning for Free
SaveJoin the Discussion on the App
What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion?
Clear all your Class 10 doubts with EduRev
Most Upvoted Answer
What is the main criterion used by the world Bank in classifying diffe...
The main criterion used by the World bank in classifying different countries is Per capita income or Average Income.


1) According to world development report, the countries with per capita income of US$ 12, 736 per annum and above in 2013, are called rich countries.


2) The countries with per capita income of US$ 1045 or less are called low income countries.


Limitations of this criterion are as follows :-


1) It doesn't tell us how the income is distributed among people.


2) Some may be very rich but the masses maybe poor. That is, it hides disparities.


3) Per capita income cannot be regarded as the sole indicator of development. Other Ares are also important like literacy rate, life expectancy , infant mortality rate, etc


Hope this will help you :)
Community Answer
What is the main criterion used by the world Bank in classifying diffe...
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
Explore Courses for Class 10 exam

Similar Class 10 Doubts

Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. What is the main criterion used by the World Bank in classifying different countries?

Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. The compares the development of the countries on the basis of literacy rate, gross enrolment ratio and health status of their people.

Top Courses for Class 10View all

Top Courses for Class 10

What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion?
Question Description
What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion?.
Solutions for What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? in English & in Hindi are available as part of our courses for Class 10. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? defined & explained in the simplest way possible. Besides giving the explanation of What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion?, a detailed solution for What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? has been provided alongside types of What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? theory, EduRev gives you an ample number of questions to practice What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion? tests, examples and also practice Class 10 tests.
Explore Courses for Class 10 exam

Top Courses for Class 10

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup