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CAT 1997 — DILR Question 33

TablesEasy
Passage / Data

Direction: Answer the questions based on the following table.
The table given below gives the annual details of loans from rural banks and agricultural loans over the years 1970 to 1983. Using this data answer the questions that follow.

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In 1974, the amount of agricultural loans formed what percentage of the total loans?

Answer & solution

  • 85%

  • B

    71%

  • C

    77%

  • D

    Cannot be determined

Solution

In 1974, agricultural loans amounted to
= Rs. 34.54 million. Loans from rural banks in 1974
= (260 × 98 × 243) = Rs. 6.19 million.
Hence, total amount of loans
= (34.54 + 6.19) = Rs. 40.73 million.
Hence, percentage of agricultural loans =34.5440.73= 84.79% = 85% (Approximately)

CAT 1997 DILR Q33: In 1974, the amount of agricultural loans formed what percentage of the total loans? — Solution | TheCATExam