NCERT Solutions for Class 10 Social Science History Chapter 1
Social Science Class 10 Economics
Development 1
Important NCERT Questions Based on new NCERT Books for Session 2022-2023
Questions No: 5
In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?
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World bank only relies on single factor i.e. per capita income for measuring economic development whereas UNDP takes into account many other factors like infant mortality, healthcare facility education level which help aids in improving the quality of life and helps in making the citizens more productive. India was ranked 135 amongst other countries as per HDI – 2014. On the other hand, the World Bank uses per capita income as the sole criterion for measuring development and classifying the countries as rich and poor. Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income.
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The United Nations Development Programme (UNDP) measures development using the Human Development Index (HDI), which considers health, education, and income indicators. Unlike the World Bank’s focus primarily on Gross National Income (GNI) per capita, HDI offers a more comprehensive view by assessing life expectancy, education levels, and income. UNDP’s approach emphasizes human well-being, recognizing disparities within countries and incorporating non-income aspects, while the World Bank’s criterion predominantly centers on income levels for country classification.