How to solve Iift 2013 Question 2?

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 2013 Question 2

This is a detailed step-by-step solution for Iift 2013 Question 2. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT

The simple average share of FDI inflows will be the 2nd lowest for the industry which has the sum of the FDI inflows the 2nd lowest
Calculating the sum of the FDI inflows for all the sectors we get:-
Service sector = 115.8
Construction Development = 56

Telecommunications = 37.4
Drugs and pharmaceuticals = 15.7
Computer Hardware and Software = 30.4
Chemicals(Other than fertilizers) = 25.1
Automobile industry = 23.7
Power = 24.8
Metallurgical industries = 25.3
Hotel and Tourism = 25
Thus, the simple average share of FDI inflows has been SECOND LOWEST for the Automobile industry.
Hence, option B is the correct answer.

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