Indian Institute of Foreign Trade 2011 Solved Paper

Question : 68 of 120

Marks: +1, -0

The GDP is sum total of the contributions from primary sector, secondary sector and the tertiary sector. If that be the case, then over 2004-05 to 2009-10, the share of tertiary sector at factor cost in GDP has increased from

53.05 percent to 55.27 percent
52.86 percent to 54.20 percent
53.04 percent to 55.83 percent
52.70 percent to 56.14 percent

Validate

Solution:

Value of the GDP from the tertiary sector in the year 2004-05

=2971464-650545-744755=1576255

Hence, the share of tertiary sector at factor cost in GDP in the year 2004-05

=1576255/2971464×100=53.05

percent
Value of the GDP from the tertiary sector in the year 2009-10

=6133230-1243566-1499601=3390063

Hence, the share of tertiary sector at factor cost in GDP in the year 2009-10

=3390063/6133230×100=55.27

percent
We can see that the share of tertiary sector at factor cost in GDP increased from 53.05 percent to 55.27 percent.
Therefore, option A is the correct answer.

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