Most of the developing countries of the world posses which among the following features?
1. Highly skewed income distribution
2. Very low ratio of Labour/ Capital
3. Negative Balance of Payment
Choose the correct option from the codes given below:

Answer: [A] Only 1

The first statement which says that in Developing Countries the income distribution is highly skewed is a correct statement. The second statement, which says that in Developing countries the ratio of Labour/ Capital is generally very low is incorrect. The ratio would be high, as these countries will have less capital and more labour. The third statement is almost irrelevant as one can not link the stage of development with the Balance of payments.

This question is a part of GKToday's Integrated IAS General Studies Module