With respect to the UN list of Least Developed Countries, consider the following statements:

Botswana is the first country to graduate from this list.

The maximum number of countries in the list is from African continent.

Bhutan is the latest country to graduate from the list.

Which of the statements given above is/are correct?

Question

Bhutan became the seventh nation to graduate from the United Nations’ (UN) list of Least Developed Countries (LDC).
The Least Developed Countries (LDC) are developing countries listed by the UN that exhibit the lowest indicators of socioeconomic development. The concept first originated in the late 1960s and was codified under UN resolution 2768 passed in November 1971.
Currently, the UN lists 46 countries that qualify as LDCs.
Of those, 33 are from Africa, nine from Asia, 3 from the Pacific and 1 from the Caribbean.
LDCs also enjoy duty-free and quota-free (DFQF) access to the markets of developed countries.
LDCs are also eligible for loans with special terms for development, which include ‘Official Development Assistance’ (ODA) or ‘aid’.
Botswana is the first country to achieve graduation in 1994. Its strong economic performance driven by its diamond mining industry and investments in education and infrastructure was a major reason.

GKToday Admin · Accepted Answer

1, 2 & 3

Bhutan became the seventh nation to graduate from the United Nations’ (UN) list of Least Developed Countries (LDC).
The Least Developed Countries (LDC) are developing countries listed by the UN that exhibit the lowest indicators of socioeconomic development. The concept first originated in the late 1960s and was codified under UN resolution 2768 passed in November 1971.
Currently, the UN lists 46 countries that qualify as LDCs.
Of those, 33 are from Africa, nine from Asia, 3 from the Pacific and 1 from the Caribbean.
LDCs also enjoy duty-free and quota-free (DFQF) access to the markets of developed countries.
LDCs are also eligible for loans with special terms for development, which include ‘Official Development Assistance’ (ODA) or ‘aid’.
Botswana is the first country to achieve graduation in 1994. Its strong economic performance driven by its diamond mining industry and investments in education and infrastructure was a major reason.

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