Question

Which of the following statements are true?

I) The YOY rate of growth of production of ragi has been greater than the YOY rate of growth of consumption of ragi during the period 97-98 to 00-01

II) The CAGR rate of growth of productionofragi has been greater than the CAGR rate of growth of consumption of ragi during the period 97-98 to 00-01

III) The amount of ragi exported in a given year was greater than the previous year during all the years in the period 97-98 to 00-01

• A. I only
• B. I and II only
• C. III only
• D. II only

Answer 1

The correct option is D II only

$\begin{array}{ccc}Year& \%Productiongrowth& \%Consumptiongrowth\\ 96-97& & \\ 97-98& 10& 1.61\\ 98-99& 4.55& 2.38\\ 99-00& 1.45& 2.33\\ 00-01& 5.71& 3.03\end{array}$

From the table we can see that not in all years in the YOY% growth of production greater that YOY% growth in consumption. Hence, statement I is not true

Overall production has grown faster than consumption. Hence, statement II is correct

In 99-00, surplus ragi was less than that in 98-99. hence statement III is also not true.