IIFT 2012 Question Paper Question 12

Instructions

Answer the questions on the basis of the following table.

Table : Region Wise Origin of Foreign Tourists Arriving Into India

Question 12

Which region witnessed the highest compound annual growth rate (CAGR) of tourists arriving into India?

Solution

Let us solve the options one by one.

Option A:

Number of foreign tourists arriving into India from Eastern Europe in 2007 = 152764

Number of foreign tourists arriving into India from Eastern Europe in 2010 = 227650

CAGR = $$\ \frac{227650-152764\ }{152764}\times\ \ \frac{\ 1}{3}$$ *100

= 16.34%

Option B:

Number of foreign tourists arriving into India from Central and South America in 2007 = 42319

Number of foreign tourists arriving into India from Central and South America in 2010 = 54728

CAGR = $$\ \frac{54728-42319\ }{42319}\times\ \ \frac{\ 1}{3}$$ *100

= 9.77%

Option C:

Number of foreign tourists arriving into India from West Asia in 2007 = 171661

Number of foreign tourists arriving into India from West Asia in 2010 = 235317

CAGR = $$\ \frac{235317-171661\ }{171661}\times\ \ \frac{\ 1}{3}$$ *100

= 12.36%

Option D:

Number of foreign tourists arriving into India from South East Asia in 2007 = 303475

Number of foreign tourists arriving into India from South East Asia in 2010 = 409043

CAGR = $$\ \frac{409043-303475\ }{303475}\times\ \ \frac{\ 1}{3}$$ *100

= 11.59%

A is the correct answer.



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

Boost your Prep!

Download App