Question

Refer to the bar chart above and answer the questions that follow.
If in the year 1988-89, imports from Japan was 20% of total imports to India and exports to Japan was 15% of total exports from India. Then, the total trade gap in that year (in Rs. crore) is:

• A. 4500
• B. 7000
• C. 1167
• D. 3000
• E. 6500

Answer 1

The correct option is C 1167

Total imports in 1988-89 = $\frac{900}{0.2}$ = Rs. 4500 crore
Total exports = $\frac{850}{0.15}$ = Rs. 5666.67
$\therefore$ Trade gap = Exports - Imports = 5666.67 - 4500 = Rs. 1167 crore . Hence ,[c].