Indian Institute of Foreign Trade 2017 Solved Paper
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Directions for Questions 77-81: Exhibit 1-as under provides the data of India's Merchandize Imports (Billion US Dollar) on left axis and Percentage of Food, Fuel, Manufactures and Ores & Metals Imports of India's on the right axis. Similarly; Exhibit 2 provides data of India's Merchandize Exports (Billion US Dollar) on left axis and Percentage exports of Food, Fuel, Manufactures and Ores & Metals on the right axis. Attempt the questions in the context of information provided as under:
a. Trade Balance = Import Minus Exports
b. Trade Deficit = If Imports are more than Exports
c. Trade Surplus = If Exports are more than Imports
Exhibit 1 : Indians Total Merchandize Imports (US Dollar in Billion) and Percentage Imports of Food, Fuel, Manufactures and Ores & Metals (2012-2016)
Exhibit 2: Indians Total Merchandize Exports (US Dollar in Billion) and Percentage Exports of Food, Fuel, Manufactures and Ores & Metals (2012-2016)
a. Trade Balance = Import Minus Exports
b. Trade Deficit = If Imports are more than Exports
c. Trade Surplus = If Exports are more than Imports
Exhibit 1 : Indians Total Merchandize Imports (US Dollar in Billion) and Percentage Imports of Food, Fuel, Manufactures and Ores & Metals (2012-2016)
Exhibit 2: Indians Total Merchandize Exports (US Dollar in Billion) and Percentage Exports of Food, Fuel, Manufactures and Ores & Metals (2012-2016)
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Question : 81 of 114
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Assuming India's absolute trade deficit grows by 54 Billion US Dollar and exports become 324 Billion US Dollar in the year 2017. What shall be India's absolute imports of food and fuel in 2017 if sectoral composition of food, fuel, manufactures, ores and metals remain same as that of 2016?
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