The criterion used by the UNDP for measuring development is different from the one used by the World Bank.

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Detailed Solution

The above statement is true.
The UNDP's development measurement standard differs from the World Bank's standard in the following ways. The UNDP assesses development using factors such as per capita income, health, and education, whereas the World Bank exclusively considers per capita income. While the World Bank divides the nations into three groups—rich countries, middle-income countries, and poor countries—UNDP ranks the nations according to their level of development. The UNDP uses a broad framework to gauge progress, whereas the World Bank uses a more focused one. The UNDP's criteria take into account every aspect that directly or indirectly influences human development.

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