Question 48

Refer the Table and answer the Given Questions

If the imports in 2012 was Rs. 1400 crores and the total exports in the years 2012 and 2013 together was Rs. 2400 crores, then the imports in 2013 was? 

Solution

Imports in 2012 = Rs. 1400 crores

Let Exports in 2012 = Rs. $$y$$ crores

Ratio of imports and exports in 2012 = 1.3

=> $$\frac{1400}{y} = 1.3$$

=> $$y = \frac{1400}{1.3} = 1076.92$$

Total exports In the years 2012 and 2013 together = Rs. 2400 crores

=> Exports in 2013 = Rs. (2400 - 1076.92) crores = Rs. 1323.08 crores

Let imports in 2013 = Rs. $$x$$ crores

Ratio of imports and exports in 2013 = $$\frac{x}{1323.08} = 0.7$$

=> $$x = 1323.08 \times 0.7 = 926.156 \approx 926$$

$$\therefore$$ Imports in 2013 was Rs. 926 crores

=> Ans - (C)


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