economicsChoose if the given statement is True/False:The criteria used by UNDP and World Bank for measuring development among different countries are different.

Choose if the given statement is True/False:


The criteria used by UNDP and World Bank for measuring development among different countries are different.


  1. A
    True
  2. B
    False 

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    Solution:

    The above statement is True.
    The criteria used by UNDP and World Bank for measuring development among different countries are different. The World Bank considers only the economic aspect. It classified countries according to their per capita incomes. Along with the Average Income, the United Nations Development Programme(UNDP) considers other indicators like health, education facilities, and life expectancy. Therefore, the UNDP criterion is a broad concept that underlines all the aspects of Development rather than just the Average Income.
     
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