Indian Institute of Foreign Trade 2009 Solved Paper

Question : 16 of 122

Marks: +1, -0

During which year the ‘Oil Production Loss’ as a proportion of ‘Total Oil Produced’ is the lowest?

2002
2003
2004
2006

Solution:

Total oil produced in the year 1996

=10+700+1794+104+650=3258.

Therefore, oil production loss as a percentage of total oil produced in the year

=650/3258×100=19.95%

Similarly, we can calculate for the remaining year. Tabulating the same data,

Oil Sales by Type of Use and Production Loss (MT)
	Oil Used				Oil Production Loss	Total Oil Produced	Oil production loss as a percentage of total oil produced
	Metro City			Suburban
Year	House Hold	Transport	Industrial	Suburban
1996	10	700	1794	104	650	3258	19.95%
1997	16	920	1864	114	732	3646	20.08%
1998	22	1012	1732	104	834	3704	22.52%
1999	22	1054	1668	90	1102	3936	28.00%
2000	20	1092	1700	108	702	3622	19.38%
2001	22	1320	1752	168	492	3754	13.11%
2002	14	1854	1618	172	386	4044	9.55%
2003	6	2046	1270	178	444	3944	11.26%
2004	16	2118	1480	208	506	4328	11.69%
2005	4	2252	1132	230	1032	4650	22.19%
2006	4	2384	1228	210	1142	4968	22.99%
2007	8	2096	1672	254	1454	5484	26.51%
2008	0.2	2240	1646	266	1428	5580.2	25.59%

From the table, we can see that the oil production loss as a percentage of total oil produced is the lowest for the year2002.
Hence, option A is the correct answer.

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