How to solve Iift 2012 Question 15?

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 2012 Question 15

This is a detailed step-by-step solution for Iift 2012 Question 15. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT 2012

Explanation:
The given information in table format is as shown below:-

The negative sign in Import/Export signifies Import.
The net external trade of 2006 = 475+125+25 = 625
Net export of 2007 = 450+25 = 475
Net export in 2008 = 400+350 = 750
Net export in 2010 = 250+200+75 = 525
Thus, The external trade was the highest in the year 2008
Hence, option C is the correct answer.

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