Comprehension
Answer these questions based on the information provided in the tables.
| SECTOR COMPOSITION OF INDIA'S EXPORTS (IN PERCENTAGE) | |||||
| Sector | 1998-19999 | 1999-2000 | 2000-2001 | 2001-2002 | 2002-2003 |
| Agriculture and Allied | 17.9 | 18.2 | 18.2 | 13.4 | 12.1 |
| Ores and Minerals | 5.2 | 1.8 | 2.7 | 2.8 | 3.6 |
| Petroleum and Crude | 2.3 | 1.4 | 3.2 | 4.9 | 4.5 |
| Manufactured Goods | 73.6 | 77.6 | 74.7 | 76.1 | 77.4 |
| Other Products | 1 | 1 | 1.2 | 2.8 | 2.4 |
| Product wise Composition of Exports of the Manufactured Goods Sector (in percentage) | |||||
| Product | 1998-1999 | 1999-2000 | 2000-2001 | 2001-2002 | 2002-2003 |
| Leather Products | 7.1 | 5.5 | 5 | 4.4 | 3.8 |
| Chemicals | 8.8 | 7.8 | 9.2 | 9.8 | 10.1 |
| Engineering Goods | 12.5 | 13.6 | 13.2 | 15.7 | 16.6 |
| Textiles | 14 | 13.7 | 13.6 | 11.8 | 11.8 |
| Readymade Garments | 12.3 | 11.6 | 13.1 | 11.4 | 10.4 |
| Gems and Jewellery | 15.3 | 16.6 | 17.8 | 16.8 | 18.3 |
| Others | 30 | 31.2 | 28.1 | 30.1 | 29 |
| Total | 100 | 100 | 100 | 100 | 100 |
Question: 1
By what percentage has the exports of petroleum and crude in India increased from 1998-1999 to 2002-2003 ?
By what percentage has the exports of petroleum and crude in India increased from 1998-1999 to 2002-2003 ?
Updated On: Sep 25, 2024
- 95.65%
- 75.85%
- 81.45%
- Data inadequate
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The Correct Option is A
Solution and Explanation
Increased Percentage = \(\frac{Increase}{Initial}×100\)
Quantity in year 2002-2003 (Final) = 4.5
Quantity in year 1998-1999(Initial) = 2.3
Increase Percentage = \(\frac{4.5-2.3}{2.3}\)
= \(\frac{2.2}{2.3}\)
= 95.65%
The correct option is (A)
Quantity in year 2002-2003 (Final) = 4.5
Quantity in year 1998-1999(Initial) = 2.3
Increase Percentage = \(\frac{4.5-2.3}{2.3}\)
= \(\frac{2.2}{2.3}\)
= 95.65%
The correct option is (A)
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Question: 2
In 2000-2001 if \(\$ \)224.10 million worth of leather goods were exported from India then the total exports of India were (in \(\$\) million)
In 2000-2001 if \(\$ \)224.10 million worth of leather goods were exported from India then the total exports of India were (in \(\$\) million)
Updated On: Sep 25, 2024
- $4482
- $5000
- $6000
- $8000
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The Correct Option is A
Solution and Explanation
Let the total exports from India be t.
5% of total exports = leather goods worth were exported from India
\(\frac{5}{100}×t\) = 224.10
from the above equation t,
t = $4482
The correct option is (A)
5% of total exports = leather goods worth were exported from India
\(\frac{5}{100}×t\) = 224.10
from the above equation t,
t = $4482
The correct option is (A)
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Question: 3
If the exports of gems and jewellery in 1999-2000 were approximately $ 300 million then what is the value (in millions) of the exports of ores and minerals in 2002-2003 given that the value of India’s exports has increased by 150% from 1999-2000 to 2002-2003 ?
If the exports of gems and jewellery in 1999-2000 were approximately $ 300 million then what is the value (in millions) of the exports of ores and minerals in 2002-2003 given that the value of India’s exports has increased by 150% from 1999-2000 to 2002-2003 ?
Updated On: Sep 25, 2024
- $184
- $125
- $179
- None of these
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The Correct Option is B
Solution and Explanation
Assume the total exports in 1999-2000 as t.
For Manufacturing goods sector = \(\frac{77.6}{100}\) × t
for gems industry = \(\frac{16.6}{100}\) × \(\frac{77.6}{100}\) × t = 300
from the above two equation,
t = 2328.9
India’s exports in 2002-2003 were = 1.5 × 1960.78 = 3493.35
The value of the exports of ores and minerals in 2002-2003 (in millions) = \(\frac{3.6}{100}\) × 3493.36 = 125.76
The correct option is (B)
For Manufacturing goods sector = \(\frac{77.6}{100}\) × t
for gems industry = \(\frac{16.6}{100}\) × \(\frac{77.6}{100}\) × t = 300
from the above two equation,
t = 2328.9
India’s exports in 2002-2003 were = 1.5 × 1960.78 = 3493.35
The value of the exports of ores and minerals in 2002-2003 (in millions) = \(\frac{3.6}{100}\) × 3493.36 = 125.76
The correct option is (B)
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Question: 4
In India’s exports increased by 20% from 1998-1999 to 2002-2003, then find the approximate percentage increase in the exports of the engineering goods from 1998-1999 to 2002-2003
In India’s exports increased by 20% from 1998-1999 to 2002-2003, then find the approximate percentage increase in the exports of the engineering goods from 1998-1999 to 2002-2003
Updated On: Sep 25, 2024
- 68%
- 57%
- 78%
- Cannot be determined
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The Correct Option is A
Solution and Explanation
In the year 1998-99
Assume the India exports be t
Manufacturing goods industry = \(\frac{73.6}{100}\) × t
Engineering goods industry = \(\frac{12.5}{100}\) × \(\frac{73.6}{100}\) × t = \(\frac{920t}{10000}\)
In the year 2002-03
India exports = 1.2t
Manufacturing goods industry = \(\frac{77.4}{100} × 1.2t\)
engineering goods industry = \(\frac{16.6}{100}\) × \(\frac{77.4}{100}\) ×1.2 t = \(\frac{1541.808t}{100}\)
Percentage increase in exports of Engineering goods industry = \(\frac{1541.808 - 920}{920}\)
= 67.5% approx. 68%
The correct option is (A)
Assume the India exports be t
Manufacturing goods industry = \(\frac{73.6}{100}\) × t
Engineering goods industry = \(\frac{12.5}{100}\) × \(\frac{73.6}{100}\) × t = \(\frac{920t}{10000}\)
In the year 2002-03
India exports = 1.2t
Manufacturing goods industry = \(\frac{77.4}{100} × 1.2t\)
engineering goods industry = \(\frac{16.6}{100}\) × \(\frac{77.4}{100}\) ×1.2 t = \(\frac{1541.808t}{100}\)
Percentage increase in exports of Engineering goods industry = \(\frac{1541.808 - 920}{920}\)
= 67.5% approx. 68%
The correct option is (A)
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