Which of the following organisations classifies countries as rich or poor?

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FICCI

World Bank

WTO

FCI

answer is B.

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Detailed Solution

The World Bank classifies countries as rich or poor.
It is an international financial institution headquartered in Washington, DC. The organisation provides financing and policy advice. It also offers technical advice to governments. The Word Bank uses a set of criteria to classify countries. They include per capita income, life expectancy, net attendance ratio, etc. Per capita income refers to the total income of the country divided by the total population of the country. The literacy rate is the percentage of people in an area above the age of 7 that can read and write with understanding. Net Attendance Ratio refers to the total number of children in the age group 14-15 attending school as a percentage of the total number of children in the same age group.

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