DI Test

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DI Test 1
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Directions 1-4: Consider the information provided in the figure below relating to India's foreign trade in 1997-98 and the first eight months of 1998-99. Total trade with a region is defined as the sum of exports to and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
Key to pie charts:
A: U.S.A.
B: Germany
C: Other E.U.
D: U.K.
E: Japan
F: Russia
G: Other East Europe
H: OPEC
I: Asia
J: Other L.D.Cs
K: Others

1. What is the region with which India had the highest total trade in 1997-98?
> USA
> Other E. U.
> OPEC
> Others

2. In 1997-98 the amount of Indian exports, in millions US $, to the region with which India had the lowest total trade, is approximately
> 750
> 340
> 220
> 440

3. In 1997-98, the trade deficit with respect to India, in billions of US $, for the region with the highest trade deficit with respect to India, is approximately equal to
> 6
> 3
> 4.5
> 7.5

4. What is the region with the lowest trade deficit with India in 1997-98?
> USA
> Asia
> Others
> Other E. U.

Directions 5-8: These questions are based on the price fluctuations of four commodities - arhar, pepper, sugar and gold during February - July 1999 as described in the figures below:

5. Price change of a commodity is defined as the absolute difference in ending and beginning prices expressed as a percentage of the beginning. What is the commodity with the highest price change?
> Arhar
> Pepper
> Sugar
> Gold

6. Price volatility (PV) of a commodity is defined as follows:
PV = (highest price during the period – lowest price during the period) / average price during the period.
What is the commodity with the lowest price volatility?
> Arhar
> Pepper
> Sugar
> Gold

7. Mr. X, a funds manager with an investment company invested 25% of his funds in each of the four commodities at the beginning of the period. He sold the commodities at the end of the period. His investments in the commodities resulted in:
> 17% profit
> 5.5% loss
> no profit, no loss
> 4.3% profit

8. The price volatility of the commodity with the highest PV during the Febrauary-July period is approximately equal to:
> 0.03
> 0.4
> 0.2
> 0.12

Directions 9-10: These questions are based on the situation give below:
Assume that the average monthly exports from India and imports to India during the remaining four months of 1998-99 would be the same as that for the first eight months of the year.

9. What is the region to which Indian exports registered the highest percentage growth between 1997-98 and 1998-99?
> Other East Europe
> USA
> Asia
> Exports have declined, no growth

10. What is the percentage growth rate in India's total trade deficit between 1997-98 and 1998-99?
> 43
> 47
> 50
> 40

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