Instructions

Given below are the detailed characteristics of select India industries. Answer the question on the basis of the following data.


Question 15

Identify the TRUE statement

Solution

Let's check it option by option;

a) Number of worker’s per factory is third highest for industry 6

number of worker's per factory in industry 1 : 9066/65 = 139.47


number of worker's per factory in industry 2 : 877/110 = 7.97


number of worker's per factory in industry 3 : 5656/32 = 176.75


number of worker's per factory in industry 4 : 1099/30 = 36.63


number of worker's per factory in industry 5 : 7508/78 = 96.25


number of worker's per factory in industry 6 : 3333/39  =85.46


number of worker's per factory in industry 7 : 15670/300 = 52.23

we can clearly see that number of workers per factory 4th highest for industry 6 ; hence statement 1 is false.

Moving on to statement b);

Expense on Material consumption expressed as a percentage of input cost is second highest for industry 4

for industry 1: 77%

for industry 2: 69%

for industry 3: 71%

for industry 4: 83%

for industry 5: 88%

for industry 6: 88.8%

for industry 7: 62%

Hence statement b) is also false as it is third highest.

Moving on statement c);

Profit earned expressed as a percentage of emolument is second highest for Industry 7

for industry 1: 39%

for industry 2: 122%

for industry 3: 144%

for industry 4: 389%

for industry 5: 376%

for industry 6: 513%

for industry 7: 301%

clearly, Profit earned expressed as a percentage of emolument is second highest for Industry 6 which makes statement c false.

Now we have only 1 statement left which has to be true.

So our answer is D)

you can also cross-check it but it is not recommended in exam time.

Video Solution

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