Test Index

Indian Institute of Foreign Trade 2011 Solved Paper

Question : 72 of 120

Marks: +1, -0

Identify the correct Statement:

GDP (at Factor Cost) expressed as a percentage of GNP (at Factor Cost) has increased consistently between 2004- 05 and 2009-10.
GDP (at Factor Cost) expressed as a percentage of GDP (at Market Prices) has increased consistently between 2004-05 and 2008-09.
Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) has increased consistently between 2004-05 and 2007-08
Contribution to GDP from Primary Sector (at Factor Cost) expressed as a percentage of GDP (at Factor Cost) has decreased consistently between 2004-05 and 2009-10.

Solution:

Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) in the year 2004-05

= \frac{1052232}{3242209} \times 100 = 32.45

percent

Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) in the year 2005-06

= \frac{1266245}{3692485} \times 100 = 34.29

percent

Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) in the year 2006-07

= \frac{1540749}{4293672} \times 100 = 35.88

percent.

Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) in the year 2007-08

= \frac{1896563}{4986426} \times 100 = 38.03

percent.

We can see that Gross Domestic Capital Formation expressed as a percentage of GDP (at Market Prices) has increased consistently between 2004-05 and 2007-08. Hence, option C is the correct answer.

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