Multiple choice

Refer to the data table below and answer the following question: Year Ratio Import/Export 2011 0.8 2012 0.8 2013 1.2 2014 1.2 2015 1.5 If the import in 2012 was Rs. 1,200 crore and the total export in the years 2012 and 2013 together was Rs. 3,200 crore, then the import in 2013 was

  1. 1,700 crore

  2. 1,500 crore

  3. 1,417 crore

  4. 2,040 crore
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Using the 2012 ratio of import to export (0.8) and the 2012 import of Rs. 1,200 crore, we find the 2012 export is 1,200 / 0.8 = Rs. 1,500 crore. Subtracting this from the combined 2012 and 2013 export of Rs. 3,200 crore gives the 2013 export as Rs. 1,700 crore. Finally, using the 2013 ratio of 1.2, the 2013 import is 1.2 * 1,700 = Rs. 2,040 crore.

AI explanation

For 2012, the export is the import of 1200 crore divided by the ratio of 0.8, giving 1500 crore. The total export for 2012 and 2013 is 3200 crore, so the 2013 export alone is 3200 minus 1500, which is 1700 crore. The import in 2013 is the export multiplied by the ratio of 1.2. Multiplying 1700 by 1.2 gives an import of 2040 crore.

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