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what is the main criterion used by the world bank in classifying different countries? what are the limitations of the criterion,if any? |
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Answer» The main CRITERION used by the WORLD Bank in classifying different countries: Countries with per capita INCOME of US$ 12616 per ANNUM and above in 2012, are called rich countries and those with per capita income of US$ 1035 or less are called low-income countries. India COMES in the category of low middle income countries |
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