Instructions

The table given below gives the annual details of loans from rural banks and agricultural loans over the years 1970 to 1983. Using this data answer the questions that follow.

Question 29

If the consumer price index for 1970 is to be taken as 105 and the indices for the subsequent years are to be corrected accordingly, by roughly how many points do the indices for 1983 and 1975 differ?

Solution

Difference between CPI of 1983 and 1975 = 149 - 78 = 71

If CPI of 1970, which is 43, is changed to 105, then the value of 71 changes to $$\frac{105}{43}*71$$ = 174

Get 3 Free CAT Mock Tests with Expert Video Solutions Get 3 Free CAT Mock Tests

View More Questions From Data change over a period

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

CAT Quant Questions | CAT Quantitative Ability

CAT Remainders Questions CAT Number Series Questions CAT Progressions and Series Questions CAT Percentages Questions CAT Quadratic Equations Questions

CAT DILR Questions | LRDI Questions For CAT

CAT Puzzles Questions CAT Quant Based DI Questions CAT Data change over a period Questions CAT Coins and Weights Questions CAT Games and Tournamnents Questions

CAT Verbal Ability Questions | VARC Questions For CAT

CAT Grammar and Sentence Correction Questions CAT Para Summary Questions CAT Vocabulary Questions CAT Miscellaneous Questions CAT Critical Reasoning Questions

If the consumer price index for 1970 is to be taken as 105 and the indices for the subsequent years are to be corrected accordingly, by roughly how many points do the indices for 1983 and 1975 differ?

Solution

CAT Quant Questions | CAT Quantitative Ability

CAT DILR Questions | LRDI Questions For CAT

CAT Verbal Ability Questions | VARC Questions For CAT

Free CAT DILR Questions

Download

Get Started with 5000+ Free CAT Questions & Mock Tests with Detailed Solutions!