JKSSB Sub Inspector of Police (JKPSI) 2022 — Q59 Solved Answer with Explanation

JKSSB Sub Inspector of Police (JKPSI) — Economy — 2022

View the full solved paper: JK PSI 2022

Question

Different countries are classified at different levels of development. On which of the following criteria are countries classified as developed countries?

  1. A. High per capita income (Correct answer)
  2. B. High level of unemployment
  3. C. High incidence rate of poverty
  4. D. Low standard of living

Correct Answer

Option A — High per capita income

Detailed Solution & Explanation

Countries are classified as "developed" primarily based on their high per capita income (high GDP per capita), which reflects a high standard of living, advanced industrialisation, strong infrastructure, and access to quality education and healthcare. The World Bank and IMF use income thresholds to classify countries. Developed countries typically have low unemployment, low poverty rates, and high standards of living -- the opposite of options B, C, and D. Per capita income remains the primary benchmark for development classification.