How does World Bank classify different countries? -SST 10th

How does World Bank classify different countries? -SST 10th
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World Bank classifies different countries on the basis of per capita income. They are — (a) Rich countries :- Whose average per capita income is Rs 4,53,000 or more. (b) Poor Countries :- Whose average per capita income is less than Rs 37000. This indicator is inadequate as it does not provide full picture of development. This gives poor people a notional amount of money which actually does not belong to them.
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Description : Classify industries on the basis of source of raw material. -SST 10th

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