Study the given Table carefully and answer the following question :
Composition of India's Export, 1997 - 2011
(Percentage share in Exports)
|
Commodities |
1997 - 1998 |
2003 - 2004 |
2009 - 2010 |
2010 - 2011 |
|
Agriculture and allied products |
18.93 |
11.8 |
10.0 |
9.9 |
|
Ore and Minerals |
3.03 |
3.71 |
4.9 |
4.0 |
|
Manufactured goods |
75.83 |
75.96 |
67.4 |
68.0 |
|
Crude and petroleum products |
1.01 |
5.59 |
16.2 |
16.8 |
|
Other commodities |
1.2 |
2.94 |
1.5 |
1.2 |
The export of which of the following commodities shows the sharpest increase from 1997 - 1998 to 2009 - 2010 ?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Crude and Petroleum products
Let's calculate the increase in percentage share for each commodity:
-
Agriculture and allied products: Increase = (10.0 - 18.93) / 18.93 ≈ -0.421
-
Crude and petroleum products: Increase = (16.2 - 1.01) / 1.01 ≈ 15.049
-
Other commodities: Increase = (1.5 - 1.2) / 1.2 ≈ 0.25
-
Ore and minerals: Increase = (4.9 - 3.03) / 3.03 ≈ 0.614
The commodity with the sharpest increase in export from 1997-1998 to 2009-2010 is Crude and Petroleum products, with an increase of approximately 15.049 times.
So, the correct answer is: Crude and Petroleum products