How to solve Iift 2012 Question 17?

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 17

This is a detailed step-by-step solution for Iift 2012 Question 17. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT 2012

The negative sign in Import/Export signifies Import
Thus, from the table we can see that Statement I and Statement III are correct whereas Statement II is false.
Hence, option C is the correct answer.

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