IIFT 2017 Question Paper Question 107

Instructions

The table below relates to data on Wholesale Price of India (WPI) for the period 2001-02 to 2015-16. WPI-based inflation is defined as percentage change in the value of the Index. Based on the table, answer the following questions:


Question 107

Between 200I-02 and 2015-16 which year has recorded the smallest percentage increase in WPI on FA? .

Solution

From given options, 

for the year 2003-04, percentage change in WPI on FA = ((181.5-179.2)*100)/179.2 = 230/179.2 =1.28

for the year 2004-05, percentage change in WPI on FA =((186.3 - 181.5)*100)/186.3 = 480/186.3 = 2.57

for the year 2015-16, percentage change in WPI on FA = ((262.1-253.4)*100)/253.4 = 870/253.4 = 3.43

By observation, 2003-04 has smallest percentage change because the change increases by a higher factor than the value of FA in the years other than mentioned above.



Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 40+ previous papers with solutions PDF
  • Top 500 MBA exam Solved Questions for Free

Comments

Register with

OR
cracku

Boost your Prep!

Download App