How to solve Iift 2011 Question 67?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in IIFT exams.

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Iift 2011 Question 67

This is a detailed step-by-step solution for Iift 2011 Question 67. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT 2011

Explanation:
Value of the GDP from the tertiary sector in the year 2004-05 = 2971464 - 650545 - 744755 = 1576255
Hence, the share of tertiary sector at factor cost in GDP in the year 2004-05 = 53.05 percent.
Value of the GDP from the tertiary sector in the year 2009-10 = 6133230- 1243566 - 1499601 = 3390063
Hence, the share of tertiary sector at factor cost in GDP in the year 2009-10 = 55.27 percent.
We can see that the share of tertiary sector at factor cost in GDP increased from 53.05 percent to 55.27 percent. Therefore, option A is the correct answer.

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