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Answer the following question based on the information given below.
Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.
HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.
Table 2 shows the population distribution across the globe for the same year.
Table 1:
Table 2:
Based on the given data, answer the subsequent questions.
. Q.
Assuming that no individual has personal assets over 50 million US $, what is the maximum possible per capita asset of India, if HNWI contributes to 35% of all the assets? (Use data from previous question if required)
 
  • a)
    437000 US $
  • b)
      337000 US $
  • c)
    237000 US $
  • d)
    137000 US $
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Answer the following question based on the information given below.Tab...
In India,
Number of people having assets in the range: 1000000 - 5000000 US $ = 5.55 - 2.60 = 2.95 million
Maximum assets = 2.95 x 106 x 5 xio6 = 14.75 xio12 US $
Number of people having assets in the range: 5000000 - 30000000 US $ = 2.60 - 0.30 = 2.30 million
Maximum assets = 2.30 x 106 x 30 xio6 = 69 xio12 US $
v No individual has personal assets over 50 million US $.
Number of people having assets in the range: 30000000 - 50000000 US $ = 0.30 million
Maximum assets = 0.30 x 106 x 50 *106 = 15 xio12 US $
Total assets of HNWI = 98.75 xio12 US $
HNWI contributes to 35% of all the assets.
Total assets of entire population in India = 98.75 xio12 x (100/35) « 282 xio12 US $
From the previous question, population of India = 630 million x (17/9) = 1190 million
Maximum possible per capita asset of India = (282 xio12)/
(1190 xio6)* 237000 US$
Hence, option 3.
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Answer the following question based on the information given below.Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.Table 2 shows the population distribution across the globe for the same year.Table 1:Table 2:Based on the given data, answer the subsequent questions.. Q.Assuming that no individual has personal assets over 50 million US $, what is the maximum possible per capita asset of India, if HNWI contributes to 35% of all the assets? (Use data from previous question if required)a)437000 US $b) 337000 US $c)237000 US $d)137000 US $Correct answer is option 'C'. Can you explain this answer?
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Answer the following question based on the information given below.Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.Table 2 shows the population distribution across the globe for the same year.Table 1:Table 2:Based on the given data, answer the subsequent questions.. Q.Assuming that no individual has personal assets over 50 million US $, what is the maximum possible per capita asset of India, if HNWI contributes to 35% of all the assets? (Use data from previous question if required)a)437000 US $b) 337000 US $c)237000 US $d)137000 US $Correct answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Answer the following question based on the information given below.Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.Table 2 shows the population distribution across the globe for the same year.Table 1:Table 2:Based on the given data, answer the subsequent questions.. Q.Assuming that no individual has personal assets over 50 million US $, what is the maximum possible per capita asset of India, if HNWI contributes to 35% of all the assets? (Use data from previous question if required)a)437000 US $b) 337000 US $c)237000 US $d)137000 US $Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Answer the following question based on the information given below.Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.Table 2 shows the population distribution across the globe for the same year.Table 1:Table 2:Based on the given data, answer the subsequent questions.. Q.Assuming that no individual has personal assets over 50 million US $, what is the maximum possible per capita asset of India, if HNWI contributes to 35% of all the assets? (Use data from previous question if required)a)437000 US $b) 337000 US $c)237000 US $d)137000 US $Correct answer is option 'C'. Can you explain this answer?.
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