Please enter the following details
Consider the information provided in the figure below relating to India's foreign trade in 1997-98 and the first eight months of 1998-99.
Total trade with a region is defined as the sum of exports to and imports from that region.
Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
A:USA. B:Germany C:Other EU. D:U.K. E:Japan F:Russia
G:Other East Europe H:OPEC I:Asia J:Other LDCs K:Others
The four major trading partners with India in 1997-98 are A, G, H and I.
From the numbers, we can ignore the others for this questions.
Total trade with A in the year 1997-98 is 9%*40779 + 19%*33979 = 10,126
Total trade with G in the year 1997-98 is 19%*40779 + 10%*33979 = 11,146
Total trade with H in the year 1997-98 is 23%*40779 + 10%*33979 = 12,777
Total trade with I in the year 1997-98 is 14%*40779 + 20%*33979 = 12,505
Hence, the correct option is block H which is OPEC
Video Solution
Create a FREE account and get:
- All Quant CAT complete Formulas and shortcuts PDF
- 38+ CAT previous year papers with video solutions PDF
- 5000+ Topic-wise Previous year CAT Solved Questions for Free
