Development Test - 9

• GNP is the market value of all goods and services produced and sold in a given year.
• GNP = Value of (Consumer goods and Services + Capital goods + Goods and services by the Government) 
  

The World Development Report 2006  was brought out by the World Development Bank. The criterion used for the measurement of development was per-capita income. Accordingly, the countries were classified as low income or rich countries. The rich countries, excluding some, were generally known as developed countries. The countries with 10066 dollars p.a. and above are called developed countries.

Thus, the correct answer is A.

HDI refers to Human Development Index. It is an important component in Human Development Report. The prefix “Human” added to the word Development depicts that it is the health and well-being of the people which is important in the development. As per 2010 records,  HDI ranks have been depicted among 187 countries. According to the data, HDI rank of Sri Lanka is 91 among 187 countries.

Thus the correct answer is C.

• National Income is the income earned within a country during a year.It is measured using product method , expenditure method or income method. 
• It includes payments to all factors in the form of rent,wages,interest and profit.

• Per capita income is the main criterion used by the World Bank in classifying different countries.
• Per capita income is the total income of the country divided by the number of people in that country.

• Kerala despite having low per capita income has better performance in terms of Human Development.
  

• Per capita income is the total income of the country divided by the number of people in that country
• Per capita income is the main criterion used by the World Bank in classifying different countries