CAT 1999 — DILR Question 31
Directions: Answer the questions based on the following information
Consider the information provided in the figure below relating to India’s foreign trade in 1997-98 and the first eight months of 1998-99. Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
A.USA G. Other East European countries
B. Germany H. OPEC
C. Other EU I. Asia
D.UK J. Other LDCs
E. Japan K. Others
F. Russia
| Source of Imports | |
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| Destination of exports | |
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In 1997-98, the trade deficit with respect to India, billion US dollars, for the region with the highest trade deficit with respect to India, is approximately equal to
Answer & solution
Correct answer: 6.0
6.0
- B
3.0
- C
4.5
- D
7.5
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So, we see that region H has highest trade deficit of approximately 6 billion.
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