Direction for questions 1 to 4:

If the trade deficit in 2015 is Rs. 12320 crores, then the trade deficit in 2014, expressed in million pounds, is equal to

Option 1 - <p>£3658 million</p>
Option 2 - <p>£3058 million</p>
Option 3 - <p>£2958 million</p>
Option 4 - <p>£2775 million</p>
1 Views|Posted 6 months ago
Asked by Shiksha User
1 Answer
V
6 months ago
Correct Option - 2
Detailed Solution:

(b)

The trade deficit has increased by 6 percent in 2015 as compared to the previous year 2014.

Now, Trade deficit in 2015 = 1.06 * trade deficit in 2014

Trade deficit in 2014 = 12320/1.06

= Rs. 11622 crores

In 2014, 1 pound = Rs. 38

The trade deficit in 2014 in million pounds

= 11622/38

= £305.8 crores

=

...Read more

Thumbs Up IconUpvote Thumbs Down Icon

Similar Questions for you

Taking an Exam? Selecting a College?

Get authentic answers from experts, students and alumni that you won't find anywhere else.

On Shiksha, get access to

66K
Colleges
|
1.2K
Exams
|
6.9L
Reviews
|
1.8M
Answers

Learn more about...

DILR Prep Tips for MBA 2025

DILR Prep Tips for MBA 2025

View Exam Details

Most viewed information

Summary

Share Your College Life Experience

Didn't find the answer you were looking for?

Search from Shiksha's 1 lakh+ Topics

or

Ask Current Students, Alumni & our Experts

Have a question related to your career & education?

or

See what others like you are asking & answering