CAT 1999 — DILR Question 34
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 | |
 |
 |
Additional directions: Assume that the average monthly exports from India and imports to India during the remaining four months of 1998-99 would be the same as that for the first eight months of the year.
What is the percentage growth rate in India’s total trade deficit between 1997-98 and 1998-99?
Answer & solution
- A
43
47
- C
50
- D
40
India’s total trade deficits are as follows.
âââââââ
Total imports for 1998-99 =
= $42,189 millions
Similarly, exports for 1998-99 =
= $32,154 millions
Percentage growth rate = × 100
= 47.6%