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Study the following graph and answer the given questions.
Crude Oil Imports by India
Question 150
If the rate of one barrel of crude oil was Rs. 25.60 in 1995, then what was the total value of imports (in Rs.) in that year ?
Solution
Crude oil imported in 1995 = 25 lakh barrels
Rate of one barrel of crude oil in 1995 = Rs 25.60
=> Total value of imports = Rs (25 * 25.60) lakhs
= 640 lakhs = 6.4 crore
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