IPMAT 2019 Question Paper IPM Indore Quantitative Ability. Solve questions from IPMAT 2019 Question Paper from IPM Indore and check the solutions to get adequate practice. The best way to ace IPMAT is by solving IPMAT Question Paper. To solve other IPMAT Sample papers, go here: IPM Sample Paper
Analyze the given data for exports and imports of rubber in Rs. crores from 2016 to 2017 and answer the questions based on the analysis.
Question 59 : 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?
Negative balance of trade means that the Imports are higher than the exports.
Average balance of Trade = (Sum of Imports – Sum of Exports)/(Number of years in the block)
From the table, the largest average negative balance of trade is 290 Cr in 2010 - 2012.
Therefore, the block of three years that has witnessed the largest average negative balance of trade is 2010 - 2012
The question is "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?"
Choice D is the correct answer
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