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  9. Q55

PPSC PCS 2020 · Question 55 of 95

According to the World Bank՚s classification of economies into income groups (on the basis of GNI per capita using the Atlas method exchange rates) for the 2020 - 2021 fiscal year, India falls in which of the four incomes groups described below?

Economy

  1. ALow Income Country
  2. BLower-Middle Income CountryCorrect
  3. CUpper-Middle Income Country
  4. DHigh Income Country

Answer: B. Lower-Middle Income Country

Explanation

The World Bank classifies India as a lower-middle-income country.

Source: https://cdn.mindspritesolutions.com/examrace/SPSC/Punjab-PSC/Punjab-PSC-Past-Papers/Punjab-Civil-Service-2020-Official-Paper-1-Part-1.pdf

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