Data Interpretation - 4 Pie Charts in a Set

December 6, 2015    

Directions for questions – Refer to the following chart and solve the questions based on it.  
Consider the information provided in the figure below relating to India’s foreign trade in 1997 – 1998 and the first eight months of 1998 – 1999. Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports, and it may be negative.
a) USA
b) Germany
c) Other EU
d) UK
e) Japan
f) Russia
g) Other East – European Countries
h) OPEC
i) Asia
j) Other LDCs
k) Other Source of Imports 
Data Interpretation
Data Interpretation

Destination of Exports
Data Interpretation
Data Interpretation

Q1. With which region does India have the highest total trade in 1997 – 1998?
a) USA
b) Other EU countries
c) OPEC
d) Others
e) None of The Above
Total trade with a region = Sum of exports and imports from that region. From the pie charts for 1997 – 1998, we have the following sectors occupying the maximum area.
East Europe
Therefore, H – OPEC has the maximum trade with the India in 1997 – 1998
Q2. In 1997 – 1998, the amount of Indian exports (in million US $) to the region with which India has the lowest total trade, is approximately:
a) 750
b) 340
c) 220
d) 440
e) None of The Above
Using the pie chart, the region having the lowest trade is K = 1% of imports + 1% of exports
So, Indian exports are 1% of 3397.9 which is roughly 340 million US $
Q3. In 1997 – 1998, the trade deficit (in billion US $) for the region with which India has the highest trade deficit is approximately equal to:
a) 6.0
b) 3.0
c) 4.5
d) 7.5
e) None of The Above
Trade Deficit
So, it can be seen that region H has the highest trade deficit of approximately $ 6000 million or $6billion.

Q4. Which region has the lowest trade deficit with India in 1997 – 1998?
a) USA
b) Asia
c) Others
d) Other EU countries
e) None of The Above
Using the pie chart for 1997 – 1998, we can see that USA which is region A, has the lowest trade deficit.
(9% of imports – 19% of total exports)
(9/100 × 40779 – 19/100 × 33979)
Q5. Assume that the average monthly exports and imports to India during the remaining four months of 1998 – 1999 are the same as that for the first eight months of the year.

To which region did India’s exports register the highest percentage growth between 1997 – 1998 and 1998 – 1999?
a) Other East – European Countries
b) USA
c) ASIA
d) Exports have declined, therefore no growth
e) None of The Above

East European Countries
Now, the exports for 8 months have been given. According to new directions, we need to calculate exports for 12 months.
(21436 × 12) / 8 = $ 32, 154 million
So, maximum percentage increase is from region A (USA).
Q6. What is the percentage growth rate in India’s total trade deficit between 1997 – 1998 and 1998 – 1999?
a) 43%
b) 47%
c) 50%
d) 40%
e) None of The Above
Following is India’s total trade deficit:
1997 – 98
Total imports for 1998 – 1999
= 28126 × 12 / 8
= $ 42, 189 million
Similarly, exports for 1998 – 1999
= $32154 million
Percentage growth rate
= 10035 – 6800/6800 × 100
Therefore, option (b) is the correct answer. 
Join 40,000+ readers and get free notes in your email

This entry passed through the Full-Text RSS service - if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.



Data Interpretation - 4 Pie Charts in a Set 4.5 5 Yateendra sahu December 6, 2015 Directions for questions – Refer to the following chart and solve the questions based on it.   Consider the information provided in the fig...


Related Post:

  • Weekly Current Affairs (Apr 2 to Apr 8) : Download PDF
    The World Autism Awareness Day 2017 has been observed across the world on 2 April 2017.  Dawit Isaak a journalist who was arrested in Eritrea in 2001, and whose case has been championed for years by human rights organisations and internati… Read More
  • NIACL Assistants 2017 Prelim Call Letter Out
    Dear Readers, The New Indian Assurance Company Limited (NIACL) has released the call letter for  preliminary examination  for Assistants in Class-III cadre in 2017. The preliminary examination will be held on 22nd and 23rd April, 2017. Li… Read More
  • National Litigation Policy 2010: All You Need To Know
    Introduction The problem of excess litigation by the government has led to an excess burden of pendency on the judiciary. As per the fact, half of all litigations in the Indian judiciary today are government litigations. Efforts have been made to br… Read More
  • Banking Awareness Quiz With Explanation: Part 5
    (1). Priority Sector Lendings include loans to (a) Agriculture (b) Micro and Small enterprises (c) Poor people for housing (d) All of the Above (2). What Percentage of branches of a particular bank has to be opened in rural areas as mandated by RB… Read More
  • Maths Quiz For SBI PO Pre 2017: Part 6
    Question 1 Solution A is a solution with 10% concentration while solution B is a solution with x% concentration and solution C is a solution with x²% concentration. If A and B are mixed in some ratio m:n, we get a solution with 6% concentratio… Read More
Load comments

No comments:

Post a Comment