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Q7 (CAPF/2013) Economy › Basic Concepts & National Income › Percentages and profit-loss Answer Verified

The following tables show the expenditure (in percentage) of two families A and B : Which one among the following statements is true?

Result
Your answer: —  Â·  Correct: B
Explanation

The correct answer is Option 2. This conclusion is reached by analyzing the distinction between percentage distribution and absolute expenditure.

  • Relative vs. Absolute Values: The provided table details the percentage of income spent on various categories, not the actual currency amounts. To compare expenses between two different families, we must know their total incomes.
  • Why Option 2 is correct: In competitive exams like UPSC, if the total income of Family B is significantly higher than Family A, a specific percentage of B's income (e.g., food) can mathematically equal the entire expenditure of Family A. Since the question does not provide total income figures, this statement represents a possible mathematical scenario where absolute values align despite differing percentages.
  • Why others are incorrect: Options 1, 3, and 4 assume that equal percentages imply equal amounts. For example, if Family A earns ₹10,000 and Family B earns ₹50,000, 10% for A (₹1,000) is not equal to 10% for B (₹5,000). Thus, direct equality cannot be asserted without income parity.
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SIMILAR QUESTIONS

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Which one of the following statements in the context of social sector spending in India during 2014 - 19 (both States and the Union Government together) is true ?

IAS · 1996 · Q21 Relevance score: 0.23

The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95 .Based on this table, it can be said that the Indian economy is in poor shape because the Central Government continues to be under pressure to

Years | Defence | Interest Payments | Subsidies | Grants to States/Uts | Others
1989-90 | 1.5.1 | 2.7.7 | 1.6.3 | 1.3.6 | 2.7.4
1994-95 | 1.3.6 | 3.8.7 | 8 | 1.6.7 | 2.3

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