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Q.

The World Bank categorises different countries into :


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a

Low countries

b

Middle countries

c

High-income countries

d

All of the above 

answer is D.

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Detailed Solution

The World Bank categorises countries into low, middle, or high income.
It considers only the economic aspect. Countries with a per capita income of US$12,056 are called high-income countries. Most of the developed countries in the world have some identifiable features. Generally, they have high literacy rates. In developed countries, most of the workforce is engaged in the tertiary sector, and the service sector contributes the most to their GDP.
 
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