Instructions

Given is information relating to cost of starting a business and number of days required for specific business activities in select countries. Answer the questions on the basis of the data in the following figure. The data labels for the bars are placed above them, while the same for the line graph are placed in boxes. Legend for the bars is given in the order of left bar to the right bar.


Question 17

Ratio of number of days required for the export to import is the least for which country?

Solution

The ratio of total days to export to that of import for the UK =ย $$\frac{13}{17}\approx\ 0.7647$$

The ratio of total days to export to that of import for UAE = $$\frac{11}{14}\approx\ 0.7857$$

The ratio of total days to export to that of import for Chile = $$\frac{23}{25}=\ 0.932$$

The ratio of total days to export to that of import for Georgia = $$\frac{22}{23}\approx\ 0.956$$

Since the least ratio is for the UK,

the correct option is A.


Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 170+ previous papers with solutions PDF
  • Top 5000+ MBA exam Solved Questions for Free

cracku

Boost your Prep!

Download App