IIFT 2012 Question Paper Question 17

Instructions

Read the information given below, analyse the following chart of Domestic sales and production of a country and answer the questions

Following charts present data about the domestic sales and production of LCD, LED and Plasma TVs produced and sold in a country (in number of units). Differences in production and sales will be bridged through external trade (i.e. exports and imports) of the TV category during a given year.



Question 17

Examine the following statements
I. LCD TVs were always exported
II. Net exports of all the categories of TVs for all the years is 1275
III. In only one year the production of plasma TVs fell short of sales Select the best option

Solution

The given information in table format is as shown below:-


The negative sign in Import/Export signifies Import
Thus, from the table we can see that Statement I and Statement III are correct whereas Statement II is false.
Hence, option C is the correct answer.


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