IPMAT Indore 2019 (MCQ) - 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? | PYQs + Solutions | AfterBoards
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IPMAT Indore 2019

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Analyze the given data for exports and imports of rubber in Rs. crores from 2006 to 2017 and answer the questions 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?

Correct Option: 4
For 2007-2009: \newline 2007: 280−240=40280 - 240 = 40 \newline 2008: 230−260=−30230 - 260 = -30 \newline 2009: 210−280=−70210 - 280 = -70
Average = 40−30−703=−20\frac{40 - 30 - 70}{3} = -20
For 2015-2017: \newline 2015: 200−310=−110200 - 310 = -110 \newline 2016: 220−250=−30220 - 250 = -30 \newline 2017: 200−240=−40200 - 240 = -40
Average = −110−30−403=−60\frac{-110 - 30 - 40}{3} = -60
For 2014-2016: \newline 2014: 200−320=−120200 - 320 = -120 \newline 2015: 200−310=−110200 - 310 = -110 \newline 2016: 220−250=−30220 - 250 = -30
Average = −120−110−303=−86.67\frac{-120 - 110 - 30}{3} = -86.67
For 2010-2012: \newline 2010: 200−310=−110200 - 310 = -110 \newline 2011: 220−290=−70220 - 290 = -70 \newline 2012: 210−320=−110210 - 320 = -110
Average = −110−70−1103=−96.67\frac{-110 - 70 - 110}{3} = -96.67
After comparing, the period 2010-2012 has the largest negative average balance of trade at −96.67-96.67 crores, making it the correct answer.

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