Instructions

Exhibit I as under provides the data of India's Merchandize Imports (Billion US Dollar) on left axis  and Percentage of Food: Fuel, Manufactures and Ores & Metals lmports of India's on the right axis. Similarly; Exhibit 2 provides data of India's Merchandize Exports (Billion US Dollar) on left axis and Percentage exports of Food, Fuel, Manufactures and Ores & Metals on the right axis. Attempt the questions in the context of information provided as under:

A.Trade Balance = Import Minus Exports
b:Trade Deficit If Imports are more than Exports
c:TradeSurplus= If Exports are more than Imports

Exhibit 1: India's Total Merchandize Imports (US Dollar in Billion) and Percentage Imports of Food, Fuel, Manufacturers and Ores and Metals (2012 - 2016)



Exhibit 2: India's Total Merchandize Exports (US Dollar in Billion) and Percentage Exports of Food, Fuel, Manufacturers and Ores and Metals (2012 - 2016)


Question 98

Assuming India's imports and exportS grow by 10% in 2017 and sectoral share of fuel in both importS andexports grow by 5 percentage basis, what shall be theapproximate deficit of fuel trade in the year 2017?

Solution

Share

India's import in 2017 = import in 2016*(1 +  (10/100))                  (Since growth rate is 10 percent)

                                =  350 * 1.1 = 385    (USD in billions)

India's export in 2017 = export in 2016*(1 +  (10/100))                  (Since growth rate is 10 percent)

                                = 250*1.1 = 275      (USD in billions)

New sectoral share of fuel in imports = 25+5 =30 percent

New sectoral share of fuel in exports = 10+5 =15 percent

India's fuel imports in 2017 = 385*30/100 = 115.5 (USD in billion)

India's fuel exports in 2017 = 275*15/100 = 41.25 (USD in billion)

Trade deficit of fuel = Fuel import - fuel export = 115.5 - 41.25 = 74.25 (USD in billions) 

Get AI Help

View More Questions From Charts

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 170+ previous papers with solutions PDF
  • Top 5000+ MBA exam Solved Questions for Free

IIFT Quant Questions | IIFT Quantitative Ability

IIFT Time And Work QuestionsIIFT Geometry QuestionsIIFT Data Sufficiency QuestionsIIFT Arithmetic QuestionsIIFT Logarithms QuestionsIIFT Functions, Graphs and Statistics QuestionsIIFT Remainders QuestionsIIFT Probability, Combinatorics QuestionsIIFT Algebra QuestionsIIFT Linear Equations QuestionsIIFT Time Speed Distance QuestionsIIFT Venn Diagrams QuestionsIIFT Inequalities QuestionsIIFT Simple Interest Compound Interest QuestionsIIFT Coordinate Geometry QuestionsIIFT Time, Speed and Distance QuestionsIIFT Averages QuestionsIIFT Number Series QuestionsIIFT Logarithms, Surds and Indices QuestionsIIFT Progressions and Series QuestionsIIFT Miscellaneous QuestionsIIFT Mensuration QuestionsIIFT Averages, Ratio and Proportion QuestionsIIFT Profit And Loss QuestionsIIFT Quadratic Equations QuestionsIIFT Averages Mixtures Alligations QuestionsIIFT Number Systems QuestionsIIFT Percentages QuestionsIIFT Profit and Loss Questions

IIFT DILR Questions | LRDI Questions For IIFT

IIFT Puzzles QuestionsIIFT Scheduling QuestionsIIFT Data Interpretation Basics QuestionsIIFT Truth Lie Concept QuestionsIIFT DI with connected data sets QuestionsIIFT Charts QuestionsIIFT Miscellaneous LR QuestionsIIFT Quant Based LR QuestionsIIFT Venn Diagrams QuestionsIIFT Data change over a period QuestionsIIFT Games and Tournaments QuestionsIIFT Arrangement QuestionsIIFT Table based DI Sets QuestionsIIFT DI Miscellaneous QuestionsIIFT Data Interpretation QuestionsIIFT Selection With Condition QuestionsIIFT Routes And Networks QuestionsIIFT Coins and Weights QuestionsIIFT Quant Based DI QuestionsIIFT Special Charts QuestionsIIFT Maxima-Minima QuestionsIIFT 2D & 3D LR Questions

IIFT Verbal Ability Questions | VARC Questions For IIFT

IIFT Critical Reasoning QuestionsIIFT Vocabulary QuestionsIIFT Para Jumbles QuestionsIIFT Grammar and Sentence Correction QuestionsIIFT Verbal Ability QuestionsIIFT Para Summary QuestionsIIFT Odd One Out QuestionsIIFT Reading Comprehension Questions

Free IIFT DILR Questions

IIFT SchedulingIIFT Routes And NetworksIIFT Special ChartsIIFT ArrangementIIFT 2D & 3D LRIIFT Quant Based LRIIFT Truth Lie ConceptIIFT Games and TournamentsIIFT Table based DI SetsIIFT DI MiscellaneousIIFT Coins and WeightsIIFT DI with connected data setsIIFT ChartsIIFT Venn DiagramsIIFT PuzzlesIIFT Maxima-MinimaIIFT Data InterpretationIIFT Quant Based DIIIFT Selection With ConditionIIFT Miscellaneous LRIIFT Data change over a periodIIFT Data Interpretation Basics

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI