Question

What is the per capita income level of middle-income countries as per WDR 2006?

• A. Rs. 4,53,000 per annum and above
• B. Rs. 37,000 or less
• C. Above Rs. 37000 but below Rs. 4,53,000
• D. Rs. 35,000 and above

Answer 1

The correct option is C Above Rs. 37000 but below Rs. 4,53,000

• World Bank classifies countries according to per capita income.
  
• Countries with PCI of more than 4, 53,000 per annum and above are called RICH COUNTRIES.
  
• Countries with PCI less than 37,000 or less are called POOR COUNTRIES.
  
• Countries between 37,000 and 4, 53,000 are called middle-income countries.
  

THE LIMITATIONS OF THIS REPORT ARE:-

• It considers only income, not other aspects such as literacy, health, life expectancy, etc.
  
• WDR only tells about income and not how it is distributed among the citizens.