What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
(1) In the World Development Report, 2006, the criterion of average income or per capita income used by the World Bank in classifying different countries. The total income of the country divided by its population is defined as the average income or the per capita income
(2) countries are classified according to the WDR 2006 mentioned below: Rich countries :Rich countries are countries with per capital income of 4,53,000 per annum and above in 2004 Low-income countries : Low-income countries are countries with per capital income of 37,000 or less 28,000 per annum is the per capita income in 2004. Developed countries are generally the rich countries, excluding countries of Middle East and certain other small countries are generally called developed countries.
(3) Limitations of the criterion are as mentioned below It does not show that this income is distributed among people. Equitable distributionis there in a country.People are not very rich or extremely poor. With the same average income, one may be extremely rich or may be very poor. So, the correct picture of a country cannot be described by the method of average income. Therefore, this method hides disparities among people.
Popular Questions of Class 10 Social Science - Understanding Economic Development
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The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words. - Q:-
Explain how public sector contributes to the economic development of a nation.
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Workers are exploited in the unorganised sector. Do you agree with this view? Give reasons in support of your answer.
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“Tertiary sector is not playing any significant role in the development of Indian
economy.” Do you agree? Give reasons in support of your answer. - Q:-
For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.
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Why is the issue of sustainability important for development?
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For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom. - Q:-
Critically examine the progress of the consumer movement in India?
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Distinguish between open unemployment and disguised unemployment.
- Q:-
Fill in the blanks using the correct option given in the bracket:
(i) Employment in the service sector _________ increased to the same extent as production. (has / has not)
(ii) Workers in the _________ sector do not produce goods. (tertiary agricultural) (iii) Most of the workers in the _________ sector enjoy job security. (organised / unorganised)
(iv) A _________ proportion of labourers in India are working in the unorganised sector. (large / small)
(v) Cotton is a _________ product and cloth is a _________ product. (natural / manufactured)
(vi) The activities in primary, secondary and tertiary sectors are _________. (independent / interdependent)
Recently Viewed Questions of Class 10 Social Science - Understanding Economic Development
- Q:-
For each of the items given in Table 1.6, find out which country is at the top and
which is at the bottom. - Q:-
Choose the most appropriate answer.
(a) The sectors are classified into public and private sector on the basis of:
(i) employment conditions
(ii) the nature of economic activity
(iii) ownership of enterprises
(iv) number of workers employed in the enterprise(b) Production of a commodity, mostly through the natural process, is an activity in ______________ sector.
(i) primary
(ii) secondary
(iii) tertiary
(iv) information technology(c) GDP is the total value of _____________ produced during a particular year.
(i) all goods and services
(ii) all final goods and services
(iii) all intermediate goods and services
(iv) all intermediate and final goods and services(d) In terms of GDP the share of tertiary sector in 2003 is _________
(i) between 20 per cent to 30 per cent
(ii) between 30 per cent to 40 per cent
(iii) between 50 per cent to 60 per cent
(iv) 70 per cent - Q:-
Why is the issue of sustainability important for development?
- Q:-
Why do we use averages? Are there any limitations to their use? Illustrate with
your own examples related to development. - Q:-
Do you think the classification of economic activities into primary, secondary and tertiary is useful? Explain how.
- Q:-
The following table shows the proportion of adults (aged 15-49 years) whose BMI
is below normal (BMI <18.5 kg/m2) in India. It is based on a survey of various
states for the year 2015-16. Look at the table and answer the following questions.(i) Compare the nutritional level of people in Kerala and Madhya Pradesh.
(ii) Can you guess why around one-fifth of people in the country are undernourished even though it is argued that there is enough food in the country? Describe in your own words. - Q:-
The workers in the unorganised sector need protection on the following issues :
wages, safety and health. Explain with examples. - Q:-
Fill in the blanks using the correct option given in the bracket:
(i) Employment in the service sector _________ increased to the same extent as production. (has / has not)
(ii) Workers in the _________ sector do not produce goods. (tertiary agricultural) (iii) Most of the workers in the _________ sector enjoy job security. (organised / unorganised)
(iv) A _________ proportion of labourers in India are working in the unorganised sector. (large / small)
(v) Cotton is a _________ product and cloth is a _________ product. (natural / manufactured)
(vi) The activities in primary, secondary and tertiary sectors are _________. (independent / interdependent) - Q:-
Why do we need to expand formal sources of credit in India?
- Q:-
Explain how public sector contributes to the economic development of a nation.
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