Question

According to the World Development Report 2006, countries with per capita income of Rs 4,53,000 p.a. and above are called _________.

• A. Weak countries
• B. Rich countries
• C. Low income countries
• D. Developing countries

Answer 1

The correct option is B Rich countries

The World Bank brought out the World Development Report, 2006. The criterion of average income, also known as per capita income is used in classifying countries. Accordingly, the countries were classified as rich countries or low-income countries. Thus, Countries having per capita the income of Rs 4,53,000 p.a. and above in 2004 are known as rich countries. Those with per capita income of Rs 37000 or less are known as low-income countries.

Thus, the correct answer is B.