Directions for question 1 to 4: Follow the bar graph and answer the following question
Question 1. In which year out of the following was the trade deficit lowest?
Question 2. In how many years was the trade deficit more than the trade deficit in the succeeding year?
Question 3. Export earnings in 1991-92 is how many percent of imports in 1992-93?
Question 4. In the last 2 years the total export earnings have accounted for how many per cent of the value of the imports?
Answers and Explanations
By analyzing the data in the given bar graph, we can construct the following table:
Answer 1. (D)
We have calculated the trade deficit for the given years in the table above using the formula:
Trade deficit = Imports – Exports
∴By analyzing the table we can say that Trade Deficitis lowest for the year 1993-94 and for years 1991-92, i.e. 2 billion dollars. Hence, out of the given options, 1993-94 becomes the right answer.
Answer 2. (C)
From the table we can conclude that trade deficit is more than the trade deficit in the succeeding years in 1988-89, 1990-91, 1992 -93 i.e.for 3 years.
Answer 3. (C)
From the table above we know the following:
Export earnings in 1991-92 = 18 billion dollars
Import earnings in 1992-93 = 22 billion dollars
Required percentage = 18/22× 100= 81.81%
Answer 4. (D)
In last 2 years, Imports = (23 + 27) = 50 and Exports = (21 + 24) = 45
∴ required percentage = 45/50 × 100 = 90 %
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