Question

Based on the World Bank's classification of countries according to per capita income, in which category will India fall with per capita income of $4,046?

• A. Lower-middle-income countries
• B. Low-income countries
• C. Higher-middle-income countries
• D. High-income countries

Answer 1

The correct option is C Higher-middle-income countries

With respect to per capita income, the World Bank broadly classifies countries into the following categories:
1) Low-income countries ( < 1,035)
2) Lower-middle-income countries (1,036–4,045)
3) Higher-middle-income countries (4,046–12,535)
4) High-income countries (> 12,536)
(All values in US dollars)