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Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer?.

Solutions for Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Refer to the following information on prices and production of crude oil for the period 1973-80 and answer the questions given below. In the first graph, the lines show the prices of crude oil per barrel for domestic production and imports while the bars show the domestic price as a percentage of the import price. In the second graph, the bars show average production of barrels per day in the US and Non-OPEC countries, while the line shows the consumption of oil in the US.Q. Which of the following statements is/are true?1) The percentage change in the price of imported crude oil in 1974 is approximately 120%.2) In 1977, the absolute difference between the percentage change in the price of domestic oil and the percentage change in the price of imported oil is approximately 2.3) The percentage change in the consumption of oil by the US from 1973 to 1979 is -80%.4) In 1977, the ratio of production of oil by non-OPEC countries to that by the US is 4.25.a)I only b)II only c)III only d)II and III Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.