Data Interpretation - 4 Pie Charts in a Set

Directions for questions – Refer to the following chart and solve the questions based on it.  

Consider the information provided in the figure below relating to India’s foreign trade in 1997 – 1998 and the first eight months of 1998 – 1999. Total trade with a region is defined as the sum of exports and imports from that region. Trade deficit is defined as the excess of imports over exports, and it may be negative.
a) USA
b) Germany

c) Other EU
d) UK
e) Japan
f) Russia
g) Other East – European Countries
h) OPEC
i) Asia
j) Other LDCs
k) Other Source of Imports 

Data Interpretation

Data Interpretation

Destination of Exports

Data Interpretation


Data Interpretation


Q1. With which region does India have the highest total trade in 1997 – 1998?
a) USA
b) Other EU countries
c) OPEC
d) Others
e) None of The Above

Solution

Option C
Total trade with a region = Sum of exports and imports from that region. From the pie charts for 1997 – 1998, we have the following sectors occupying the maximum area.


Country
Exports
Imports
Trade
H
OPEC
3397.9
9379.2
12795.1
I
Asia
6796
5709
12505
G
East Europe
3397
7748
11145.9
C
EU
4757
4893.5
9650.5
A
USA
6456
3670
10126
Therefore, H – OPEC has the maximum trade with the India in 1997 – 1998

Q2. In 1997 – 1998, the amount of Indian exports (in million US $) to the region with which India has the lowest total trade, is approximately:
a) 750
b) 340
c) 220
d) 440
e) None of The Above

Solution

Option B
Using the pie chart, the region having the lowest trade is K = 1% of imports + 1% of exports
So, Indian exports are 1% of 3397.9 which is roughly 340 million US $

Q3. In 1997 – 1998, the trade deficit (in billion US $) for the region with which India has the highest trade deficit is approximately equal to:
a) 6.0
b) 3.0
c) 4.5
d) 7.5
e) None of The Above

Solution

Option A

Imports
Exports
Trade Deficit
A
3670.11
6456.01
-2785.9
B
2038.95
2038.74
0.21
C
4893.48
4757.06
136.42
D
2446.74
2038.74
408
E
2038.95
2038.74
0.21
F
815.58
1019.37
-203.79
G
7748.01
3397.9
4350.11
H
9379.17
3397.9
5981.27
I
5709.06
6795.8
-1086.74
J
1631.16
1698.95
-67.79
So, it can be seen that region H has the highest trade deficit of approximately $ 6000 million or $6billion.


Q4. Which region has the lowest trade deficit with India in 1997 – 1998?
a) USA
b) Asia
c) Others
d) Other EU countries
e) None of The Above

Solution

Option A
Using the pie chart for 1997 – 1998, we can see that USA which is region A, has the lowest trade deficit.
(9% of imports – 19% of total exports)
(9/100 × 40779 – 19/100 × 33979)


Q5. Assume that the average monthly exports and imports to India during the remaining four months of 1998 – 1999 are the same as that for the first eight months of the year.

To which region did India’s exports register the highest percentage growth between 1997 – 1998 and 1998 – 1999?
a) Other East – European Countries
b) USA
c) ASIA
d) Exports have declined, therefore no growth
e) None of The Above

Solution

Option B

Country
1998 - 99
1997 - 98
A
USA
7395.4
6456
G
East European Countries
3858.5
3397.9
H
OPEC
3215.4
3397.9
Now, the exports for 8 months have been given. According to new directions, we need to calculate exports for 12 months.
(21436 × 12) / 8 = $ 32, 154 million
So, maximum percentage increase is from region A (USA).

Q6. What is the percentage growth rate in India’s total trade deficit between 1997 – 1998 and 1998 – 1999?
a) 43%
b) 47%
c) 50%
d) 40%
e) None of The Above

Solution

Option B
Following is India’s total trade deficit:

Country
1998 - 99
1997 - 98
1997 – 98
40779
33979
6800
1998 - 99
42189
32154
10035
Total imports for 1998 – 1999
= 28126 × 12 / 8
= $ 42, 189 million
Similarly, exports for 1998 – 1999
= $32154 million
Percentage growth rate
= 10035 – 6800/6800 × 100
= 47.6%
Therefore, option (b) is the correct answer. 

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