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Q.

The indicator used by the World Bank to rank countries in its World Development Report is:


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a

Life expectancy at birth

b

Per capita income

c

Literacy rate

d

All of the above 

answer is B.

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Detailed Solution

The indicator used by the World Bank to rank countries in its World Development Report is per capita income.
Per capita income is the average income of the citizens of a country. The World Bank classifies countries according to the per capita income into the following four categories:
1)      High-income countries
2)      Upper-middle income countries
3)      Lower-middle income countries
4)      Low-income countries
India, according to its per capita income, has been classified as a lower-middle income country.
 
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