Question 98

Refer the below data table and answer the following question.

If the imports In 2012 was Rs. 1500 crores and the total exports In the  years 2012 and 2013 together was Rs. 2000 crores, then the Imports In  2013 was? 

Solution

Imports in 2012 = Rs. 1500 crores

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

Ratio of imports and exports in 2012 = 1.1

=> $$\frac{1500}{y} = 1.1$$

=> $$y = \frac{1500}{1.1} = 1363.63$$

Total exports In the years 2012 and 2013 together = Rs. 2000 crores

=> Exports in 2013 = Rs. (2000 - 1363.63) crores = Rs 636.37 crores

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

Ratio of imports and exports in 2013 = $$\frac{x}{636.37} = 0.9$$

=> $$x = 636.37 \times 0.9 = 572.733 \approx 573$$

$$\therefore$$ Imports in 2013 was Rs. 573 crores

=> Ans - (A)


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