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Development of a country can generally be determined by:
its per capita income
its average literacy level
health status of its people
all the above
D.
all the above
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Which of the following neighbouring countries has better performance in terms of human development than India?
Bangladesh
Sri Lanka
Nepal
Pakistan
B.
Sri Lanka
Assume there are four families in a country. The average per capita income of these families is Rs. 5000. If the incomes of three families is Rs. 4000, Rs. 7000 and Rs. 3000 respectively, what is the income of the fourth family?
Rs. 7500
Rs. 3000
Rs. 2000
Rs. 6000
D.
Rs. 6000
Total income of four families = 5000 x 4 = 20000
Total income of three families = 4000 + 7000 + 3000 = 14000
Income of the fourth family = 20000-14000 = 6000
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
The main criterion used by the World Bank in classifying different countries:
Countries with per capita income of US$ 12616 per annum and above in 2012, are called rich countries and those with per capita income of US$ 1035 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2012 was just US$ 1530 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.
Limitations :
Limitations of this criterion are that while average income is useful for competition, it does not tell us how this income is distributed among people. A country may have more equitable distribution. People may be neither very rich nor extremely poor. But in another country with same average income, one person may be extremely rich, while others may be very poor. So, the method of average income does not give correct picture of a country.
This criterion hides disparities among people.
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