Indian Institute of Foreign Trade 2017 Solved Paper

Directions for Questions 77-81: Exhibit 1-as under provides the data of India's Merchandize Imports (Billion US Dollar) on left axis and Percentage of Food, Fuel, Manufactures and Ores & Metals Imports of India's on the right axis. Similarly; Exhibit 2 provides data of India's Merchandize Exports (Billion US Dollar) on left axis and Percentage exports of Food, Fuel, Manufactures and Ores & Metals on the right axis. Attempt the questions in the context of information provided as under:
a. Trade Balance = Import Minus Exports
b. Trade Deficit = If Imports are more than Exports
c. Trade Surplus = If Exports are more than Imports
Exhibit 1 : Indians Total Merchandize Imports (US Dollar in Billion) and Percentage Imports of Food, Fuel, Manufactures and Ores & Metals (2012-2016)

Exhibit 2: Indians Total Merchandize Exports (US Dollar in Billion) and Percentage Exports of Food, Fuel, Manufactures and Ores & Metals (2012-2016)