Data Interpretation Quiz for Syndicate Bank PGDBF 2017

Hello and welcome to exampundit. Here is a set of Data Interpretation Quiz for Syndicate Bank PGDBF 2017.

Questions {01-05}: The following questions are based on the charts given below.





Q 01. If estimated global reserves of oil is 1146.49 billion barrels, then the level of reserves located in the USA in billion barrels would be approximately
(1) 29
(2) 34
(3) 36
(4) 98
(5) None of these


Q 02. Daily Production and consumption figures of India are 0.66 and 2.2 billion barrels. For which of the following countries, the difference between consumption and production is the lowest?
(1) Iran
(2) India
(3) Saudi Arabia
(4) Russia
(5) USA

Q 03. How many days of India’s oil consumption is equivalent to daily consumption of the USA?
(1) 8
(2) 10
(3) 11
(4) Data insufficient
(5) None of these


Q 04. Reserves and annual production figures for India are 5.58 and 0.24 billion barrels, respectively. Which country has the lowest ration of annual production to reserves?
(1) USA
(2) Iran
(3) Saudi Arabia
(4) India
(5) None of these



Q 05. Current reserves and annual consumption of India is 5.58 and 0.24 billion barrels. If the expected annual growth rate of consumption for India is 2%, the oil reserves of India (in billion barrels) after 5 years would be
(1) 1.74
(2) 1.76
(3) 1.78
(4) Can’t be determined
(5) None of these



Questions {6-10} Study the following bar chart carefully and answer the given questions



The total of the first three deficit countries (in $ million) = $3594.3. The total of the next five deficit countries (in $ million) = $2588.5. The total of the last five deficit countries (in $ million) - $334.2. The total of the four surplus countries (in $ million) = $1860.4

Q 6. The country whose surplus is nearly equal to the average of the 4 surplus countries is
(1) Sri Lanka
(2) UAE
(3) USA
(4) UK
(5) None of these


Q 7. The ratio of the deficit of the last five deficit countries to the overall deficit of all the deficit countries is nearly equal to
(1) 0.513:1
(2) 0.0513:1
(3) 0.712:1
(4) 0.0712:1
(5) None of these


Q 8. The average of the total deficit of the middle five deficit countries is nearly the deficit of which country?
(1) India
(2) New Zealand
(3) Nigeria
(4) South Africa
(5) None of these



Q 9. The ratio of net deficit to net surplus is equal to
(1) 6517:2588.5
(2) 6517:1860.4
(3) 6571:3594.3
(4) Can’t be determined
(5) None of these


Q 10. The ratio of the difference between the highest and the lowest of the surplus countries to the difference between the deficit of Bangladesh and Oman is
(1) 3539:1225
(2) 3593:937
(3) 3359:1131
(4) 3593:397
(5) None of these



Answers:

  1. 1
  2. 4
  3. 2
  4. 2
  5. 4
  6. 3
  7. 2
  8. 1
  9. 2
  10. 2



Detailed Solutions:

01. Global reserves of oil = 1146.49 billion barrels
Reserves of oil in USA = 2.53% of 1146.49 = 29 billion barrels




02. Daily Production of India = 0.66 million barrels
1.86% = 0.66
100% = (0.66/1.86)x100 = 66/1.86 million barrels
Daily production of Iran = (66/1.86)x11.27% = 3.99 million barrels
Saudi Arabia = (66/1.86)x28.17% = 9.99 million barrels
Russia = (66/1.86)x11.27% = 3.99 million barrels
Daily consumption of India = 2.2 million barrels
5.13% = 2.2 million barrels
100% = (2.2/5.13)x100 = 220/5.13 million barrels
Iran = (220/5.13) x0 = 0
Saudi Arabia = (220/5.13) x0 = 0
Russia = (220/5.13)x7.69% = 3.29 million barrels
Difference between consumption and production
Iran = 3.99 – 0 = 3.99
India = 2.2 – 0.66 = 1.54
Saudi Arabia = 9.99 – 0 = 9.99
Russia = 3.99 – 3.29 = 0.7
So, Difference is Minimum for Russia



03. India’s oil consumption = 5.13%
USA oil consumption = 51.28%
Required number of days = (51.28/5.13) = 9.99 or 10 days approx.



04. Reserve figure for India = 5.58 billion barrels
0.52% = 5.58
100% = (5.58/0.52)x100 = 558/0.52
USA = (5580.52) x2.53% = 27
Iran = (5580.52) x11.34% = 122
Saudi Arabia = (5580.52) x22.85% = 245
Annual production figure for India = 0.24 billion barrels
1.86% = 0.24
100% = (0.24/1.86)x100 = 24/1.86
USA = (24/1.86) x2.490% = 3.2
Iran = (24/1.86) x11.27% = 1.5
Saudi Arabia = (24/1.86) x28.17% = 3.6
Ratio of annual production to reserves
USA = 3.2/27 = 0.1185 billion barrels
Iran = 1.5/122 = 0.0123 billion barrels
Saudi Arabia = 3.6/245 = 0.0147 billion barrels
India = 0.24/5.58 = 0.0430 billion barrels
Ratio is minimum for Iran



05. From the given data, we cannot answer the question as we do not know the growth rate of reserves oil of India.



06. Total of four surplus = 1860.4
Average of four surplus = 1860.4/4 = 465.1 (near to surplus of USA)


07. Total deficit of last five countries = 334.2
Overall deficit of all the deficit countries = 3594.3 + 2588.5 + 334.2 = 6517
Required ratio = 334.2:6517 = 0.0513


08. Total of middle five deficit countries = 2588.5
Average of middle five deficit countries = 2588.5/5 = 517.7 (near to deficit of India)



09. Net deficit = 6517
Net surplus = 1860.4
Required ratio = 6517:1860.4



10. Difference between the highest and the lowest of the surplus countries = 665 – 305.7 = 359.3
Difference between the deficit of Bangladesh and Oman = 1225 – 1131.3 = 93.7
Required ratio = 3593:937










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