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
= £3058 million … (1 crore = 10 million)
Hence, option (b).
<p> (b)</p><p>The trade deficit has increased by 6 percent in 2015 as compared to the previous year 2014.</p><p>Now, Trade deficit in 2015 = 1.06 * trade deficit in 2014</p><p>Trade deficit in 2014 = 12320/1.06</p><p>= Rs. 11622 crores</p><p>In 2014, 1 pound = Rs. 38</p><p>The trade deficit in 2014 in million pounds</p><p>= 11622/38</p><p>= £305.8 crores</p><p>= £3058 million … (1 crore = 10 million)</p><p>Hence, option (b).</p>
This website uses Cookies and related technologies for the site to function correctly and securely, improve & personalise your browsing experience, analyse traffic, and support our marketing efforts and serve the Core Purpose. By continuing to browse the site, you agree to Privacy Policy and Cookie Policy.