IIFT 2012 Question Paper Question 8

Instructions

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

Question 8

Highest annual growth rate in production is recorded in

Solution

The Growth rate of Iron Ore in 2008 = $$\dfrac{131-102}{102} \approx 30\%$$
The Growth rate of Gold in 2011 = $$\dfrac{25-20}{20} = 25\%$$
The Growth rate of Aluminium in 2008 = $$\dfrac{98-81}{81} \approx 21\%$$
The Growth rate of Iron Ore in 2008 = $$\dfrac{18-15}{15} = 20\%$$
Hence, Highest annual growth rate in production is recorded in Iron Ore in 2008.
Hence, option A is the correct answer.



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