Indian Institute of Foreign Trade 2012 Solved Paper

Question : 1 of 128

Marks: +1, -0

Approximately by what percentage are the total Exports greater/ smaller than the total imports for the given period?

Greater by 9 percent
Smaller by 10 percent
Smaller by 9 percent
Greater by 10 percent

Solution:

Total Imports during the given period 275 + 250 + 225 + 225 + 275 + 200 + 175 + 175 + 200 + 175 = 2175
Total Exports during the given period = 112.5 + 150 + 150 + 275 + 200 + 175 + 200 + 200 + 262.5 + 250 = 1975
Thus, Total exports is smaller than Total imports by

{2175-1975}/2175≈9%

Hence, option C is the correct answer.

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