Question:
According to the country economic classification, in which year was Sri Lanka assigned a upper middle income country status by the World Bank?
(1) 2016
(2) 2017
(3) 2018
(4) 2019
(5) 2020
Correct Answer:
(4)
Answer Explanation:
In July 2019, the World Bank temporarily upgraded Sri Lanka to an “Upper Middle-Income Country” based on its Gross National Income (GNI) per capita reaching the required threshold. However, it was downgraded back to lower-middle-income status the following year.
Topic: Sri Lankan Economy Year: 2021
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