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 30

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, what is the approximate value of the agricultural loans in 1980 at 1983 prices?

Solution

Since the consumer price indices for all years change, the ratios will remain the same as before.

Value of the agricultural loans in 1980 at 1983 prices = 498.4 * 149 / 131 = 570 approx.

Share on Whatsapp Share on Whatsapp

Boost your CAT prep: Take All-India 3 free CAT mock tests with Video solutions

Create a FREE account and get:

All Quant CAT complete Formulas and shortcuts PDF
35+ 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 Linear Equations Questions CAT Percentages Questions CAT Profit And Loss Questions CAT Probability, Combinatorics Questions CAT Time Speed Distance Questions

CAT DILR Questions | LRDI Questions For CAT

CAT DI with connected data sets Questions CAT Venn Diagrams Questions CAT Table with Missing values Questions CAT Puzzles Questions CAT Routes And Networks Questions

CAT Verbal Ability Questions | VARC Questions For CAT

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

Also Read

CAT Mock Tests

CAT 2025 Course

Free CAT Preparation

CAT Questions

CAT Formulas PDF

CAT Study Material

CAT Score vs Percentile

CAT Percentile Predictor

CAT Sectional Tests

CAT Exam

CAT Prep Videos

CAT Registration

CAT Syllabus 2025

CAT Eligibility Criteria

CAT Admit Card

CAT Score Calculator

CAT 1997 QA Question

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, what is the approximate value of the agricultural loans in 1980 at 1983 prices?

CAT Quant Questions | CAT Quantitative Ability

CAT DILR Questions | LRDI Questions For CAT

CAT Verbal Ability Questions | VARC Questions For CAT

Also Read

Free CAT Quant Questions

Login to your Cracku account

Hello! 👋

Ready to Unlock Your Success?

Please Enter Your OTP

Please enter the following details

Create a free Cracku account

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