The following table shows the percentage (%) distribution of expenses in…
2023
The following table shows the percentage (%) distribution of expenses in agriculture under different budget heads, namely fertilizer, feed, seed, electricity and diesel, and others in the year 2012 and 2022. Total amount of expenditure incurred on all the different heads in 2012 and 2022 is ₹ 30864 crores and ₹ 70698 crores respectively. Based on the data in the table, answer the questions that follow.
Year-wise Expenses in Agriculture
Budget Head | 2012 | 2022 |
|---|---|---|
Fertilizer | 17.5% | 28.8% |
Feed | 29.5% | 19.5% |
Seed | 18.5% | 14.5% |
Electricity and Diesel | 7.8% | 8.6% |
Others | 26.7% | 28.6% |
The expenditure on Electricity and Diesel in 2022 exceeded similar expenditure in 2012 by approximately
Answer: C. ₹ 3673 crores — CONCEPTA category expense equals the total expenditure multiplied by that category’s percentage share. To compare the same category across two years,…
- A.
₹ 1840 crores
- B.
₹ 1852 crores
- C.
₹ 3673 crores
- D.
₹ 3704 crores
Attempted by 1 students.
Show answer & explanation
Correct answer: C
CONCEPT
A category expense equals the total expenditure multiplied by that category’s percentage share.
To compare the same category across two years, calculate its amount for each year separately and subtract the earlier amount from the later amount.
APPLICATION
For 2012, Electricity and Diesel expenditure = ₹30,864 crore × 7.8/100 = ₹2,407.392 crore.
For 2022, Electricity and Diesel expenditure = ₹70,698 crore × 8.6/100 = ₹6,080.028 crore.
Excess in 2022 = ₹6,080.028 crore − ₹2,407.392 crore = ₹3,672.636 crore.
CROSS-CHECK
Adding the increase back to the 2012 amount gives ₹2,407.392 crore + ₹3,672.636 crore = ₹6,080.028 crore, which reproduces the 2022 amount.
Therefore, the approximate excess expenditure was ₹3,673 crore.