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XAT 2014 — QA & DI Question 27

Simple EquationsEasy
Passage / Data

Answer the questions based on the given data on the tourism sector in India.

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In which of the following years was the rupee cheapest with respect to the dollar?

Answer & solution

Correct answer: 2002

  • A

    2001

  • 2002

  • C

    2007

  • D

    2010

  • E

    2011

Solution

The rupee is cheapest with respect to the dollar when the numerical value of rupees corresponding to 1 dollar is the highest

i.e. If 1 US $ = X INR, then the rupee is cheapest when X takes its largest numerical value.

The value of the rupee with respect to the dollar for the given years is:

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Thus, the rupee is cheapest in 2002.
 
Hence, option (b).

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XAT 2014 QA & DI Q27: In which of the following years was the rupee cheapest with respect to the dollar? — Solution | TheCATExam