Xavier Aptitude Test 2013 Paper

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Answer question nos. 89 - 91 based on the following information:
Given below are data points on the India economy from 2005 - 2010:

Indicator	Unit	2005	2006	2007	2008	2009	2010
GDP current prise	Rs. Billions	35662.2	41159.73	47675.86	54470.27	60712.76	73555.34
GDP per capita, current prises	Rs.	32128.1	36553.93	41747.69	47038.23	51714.45	61784
Gross national savings percent of GDP	%	32.88	34.28	36.65	32.17	35.08	32.14
Inflation average consumer prices GDP	Index	115.67	122.92	130.75	141.67	157.08	175.92
Volume of import of goods and services	%change	17.99	9.438	16.3	10.84	8.321	16.49
Volume of export of goods and services	%change	18.88	13.83	17.13	10.63	0.813	21.86
Unemployment	%	9.2	8.9	7.8	7.2	6.8	7.32
current account balance persent of GDP	%	-1.272	-1.024	-0.701	-2.475	-2.066	-3.268

*Per capita GDP is arrived by dividing GDP by population.

Question : 89 of 121

Marks: +1, -0

What is the ratio of the current account balance in 2010 to current account balance 2005?

0.35
4.56
5.01
2.57
5.36

Validate

Solution:

(e) Current account balance in 2010
= – 3.268% of 73555.34
= – 240378 (in Rs. billions)
Current account balance in 2005
= – 1.272% of 35662.2
= – 453.62 (in Rs. billions)
∴ Ratio =

-2403.78/453.62

= 5.36 (approx.)

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