Economy question from Sub Inspector exam, 2022 by JKSSB
Different countries are classified at different levels of development. On which of the following criteria are countries classified as developed countries?
Last updated Jun 24, 2026
Correct Answer:
Option A —
High per capita income
Understanding the Criteria
Developed countries (also known as industrialized nations) are categorized based on their economic performance and the quality of life of their citizens.
High Per Capita Income: This is the average income earned per person in a given area. Developed nations typically have a high Gross National Income (GNI) per capita, as defined by organizations like the World Bank.
Industrialization: A shift from an agrarian (farming) economy to one based on manufacturing and services.
High Human Development Index (HDI): This includes factors beyond just money, such as high life expectancy, quality healthcare, and high literacy rates.
Why the other options are incorrect:
B) High level of unemployment: This is usually a sign of an underperforming or developing economy. Developed countries strive for low unemployment rates.
C) High incidence rate of poverty: Developed countries are characterized by lower poverty levels and stronger social safety nets.
D) Low standard of living: Developed nations are defined by a high standard of living, including access to clean water, electricity, advanced technology, and infrastructure.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
