Analyze the given data for exports and imports of rubber in Rs. crores from 2006 to 2017 and answer the question based on the analysis. Balance of trade is defined as imports subtracted from exports…
Question and options
Analyze the given data for exports and imports of rubber in Rs. crores from 2006 to 2017 and answer the question based on the analysis.
Balance of trade is defined as imports subtracted from exports ( = exports - imports). Which of the following blocks of three years has witnessed the largest average negative balance of trade?
Balance of trade is defined as imports subtracted from exports ( = exports - imports). Which of the following blocks of three years has witnessed the largest average negative balance of trade?
- 2007-2009
- 2015-2017
- 2014-2016
- 2010-2012
Answer and explanation
Correct answer: D - 2010-2012
Average (exports-imports): 2007-09 = (40-30-70)/3 = -20; 2015-17 = (-110-30-40)/3 = -60; 2014-16 = (-120-110-30)/3 = -86.7; 2010-12 = (-110-70-110)/3 = -96.7. Largest negative is 2010-2012.
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