In the context of the modern formula (MA/CA × 100) used for calculating 'Intelligence Quotient' (IQ) in the Stanford-Binet Intelligence Scale revised by Lewis Terman, if a 10-year-old child (Chronological Age) has a Mental Age of 12.5 years, what will be their exact IQ level and under which intelligence category will they fall according to Terman's classification?

Lewis Terman has made a significant contribution to operationalizing the concept of IQ. The Stanford-Binet scale provides the formula of dividing Mental Age by Chronological Age and multiplying by 100. Here MA = 12.5 and CA = 10, thus obtaining (12.5 / 10) × 100 = 125. According to Terman's intelligence classification, an IQ level between 120-140 is considered 'Very Superior' or close to gifted.