NCERT Important Questions Class 10 Social Science Economics Chapter 1
Important NCERT Extra Questions
Chapter 1 Development
NCERT Book Extra Questions for Session 2022-2023
CBSE Board and UP Board Others state Board
What is the difference in the criterion used by the World Bank and that of UNDP for measuring development? Which do you think is the better method and why?
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:(a)World Bank- For comparison between countries, the average income which is the
total income of the country divided by. Its population is taken into consideration. The average income is also called the per capita income As per World development Report 2006 brought out by the World Bank, the rich countries with per capita income of ₹4,53,000 per annum and above (2004) excluding countries of Middle East and certain other small countries are called rich and developed countries. As per World Bank the countries with per capita income of ₹37,000 or less are called low income countries. India’s per capita income in2004 was ₹28,000 per annum so it was also a low income country.
(b) The UNDP compares countries based on HDI i.e., on the educational levels of the people, their health status and per capita income or average income.
(c) Human Development Index used by UNDP is better because it is a wider indicator in which besides per capita income, health and education are also included.