Comprehension
Answer the questions on the basis of the data presented in the figure below
Question: 1
During 1996-2002, the number of commodities that exhibited a net overall increase and net overall decrease, respectively were:
During 1996-2002, the number of commodities that exhibited a net overall increase and net overall decrease, respectively were:
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When analyzing trends over time, identify the general direction of price changes by looking at the slope of the lines.
Updated On: Aug 1, 2025
- 3 and 3
- 2 and 4
- 3 and 4
- 5 and 1
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The Correct Option is C
Solution and Explanation
From the graph, we can observe the prices of commodities over the years and analyze the trend lines:
- Rice, Edible oil, and Onion prices showed a net overall increase.
- Dal, Egg, and Chillies showed a net overall decrease in prices.
Thus, the number of commodities exhibiting a net increase is 3, and those showing a decrease is 4.
- Dal, Egg, and Chillies showed a net overall decrease in prices.
Thus, the number of commodities exhibiting a net increase is 3, and those showing a decrease is 4.
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Question: 2
The number of commodities that experienced a price decline for two or more consecutive years is:
The number of commodities that experienced a price decline for two or more consecutive years is:
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Look for downward trends in the graph where a commodity experiences continuous declines for consecutive years.
Updated On: Aug 1, 2025
- 2
- 3
- 4
- 5
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The Correct Option is B
Solution and Explanation
From the chart, we can identify the commodities that experienced a price decline for consecutive years:
- Dal and Onion showed a decline for two or more consecutive years.
Thus, 3 commodities experienced a price decline for two or more years.
Thus, 3 commodities experienced a price decline for two or more years.
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Question: 3
For which commodities did a price increase immediately follow a price decline only once in this period?
For which commodities did a price increase immediately follow a price decline only once in this period?
Show Hint
Carefully track price changes over the years to identify commodities where a price increase followed a decline.
Updated On: Aug 1, 2025
- Rice, edible oil and dal
- Egg and dal
- Onion only
- Egg and onion
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The Correct Option is D
Solution and Explanation
From the graph, we observe the following:
- Both Egg and Onion experienced a price decline followed by a price increase only once during the period.
Thus, the Correct Answer is Egg and Onion.
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