CAT 1999 — DILR Question 32
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 | |
 |
 |
| Destination of exports | |
 |
 |
What is the region with the lowest trade deficit with India in 1997-98?
Answer & solution
USA
- B
Asia
- C
Others
- D
Other EU countries
From the pie chart for 1997-98, we get that USA which is a region A has the lowest trade deficit.
(9% of imports – 19% of total exports)
= $– 2785.9 million.