Question Details

The following table shows Net National Income (in Lac Crore) and Per capita Net National Income (in thousand) of India during the 5 year period from the year 2015-16 to 2019-20. Based on the data in the table, answer the questions that follow

 Year Net National Income
(in Lac, Crore rupees)
Per Capita Net
National Income
(in thousand rupees)
2015-16  122 95
2016-17
 136
 105
 2017-18
 151
 115
 2018-19
 167
 126
 2019-20
 177
 132

What is the percentage increase (%) in per capita Net National Income during 5 years (i.e 2015-16 to 2019-20)?

Options

A

∼ 38.94%

B

∼ 48.24%

C

∼ 30.61%

D

∼ 42.40%

Correct Answer :

∼ 38.94%

Solution :

The correct option is ∼ 38.94%.

To find the percentage increase in the per capita Net National Income of India from the year 2015-16 to 2019-20, we follow these steps:

Step 1: Identify the values from the given table.
- Per capita Net National Income in 2015-16 = 95 thousand rupees
- Per capita Net National Income in 2019-20 = 132 thousand rupees

Step 2: Calculate the absolute increase in the income.

Increase = 132 - 95 = 37  thousand rupees

Step 3: Calculate the percentage increase using the formula.
The percentage increase is calculated with respect to the initial value (2015-16):

Percentage Increase = Increase Initial Value (2015-16) × 100
Substituting the values into the formula:

Percentage Increase = 37 95 × 100
Percentage Increase = 3700 95 38.947 %
Rounding to two decimal places gives approximately 38.94%.

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