IIFT 2012 Question Paper Question 6

Instructions

Answer the questions on the basis of the table given below Table: Production of Major Minerals and Metals (Million Tonnes)

Question 6

Which mineral/metal witnessed highest growth rate in production from 2005 to 2011?

Solution

Growth of Iron Ore = $$\dfrac{163-100}{100} = 63\%$$
Growth of Aluminum = $$\dfrac{105-69}{69} \approx 50\%$$
Growth of Gold = $$\dfrac{25-15}{15} = 66.66\%$$
Growth of Copper = $$\dfrac{103-71}{71} \approx 45\%$$
Thus, Gold witnessed highest growth rate in production from 2005 to 2011.
Hence, option C is the correct answer.



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