The World Bank gives priority to Per Capita Income as the main measure of development. It compares countries based on the average income earned per person, helping classify nations as rich, middle-income or poor economies globally. The correct answer is (d).
Which one of the following indices is given priority by the World Bank with respect to development? (a) Infant Mortality Rate (b) Equality (c) Body Mass Index (d) Per Capita Income
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The correct answer is (d). The World Bank uses Per Capita Income as the primary indicator to assess the development level of different countries. It divides the total national income by the population to determine average income per person. Based on this, countries are classified into low-income, middle-income and high-income groups, reflecting their economic strength and living standards.