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Get access to the detailed solutions to the previous years questions asked in IIFT exam
The simple average share of FDI inflows will be the 2nd lowest for the industry which has the sum of the FDI inflows the 2nd lowest
Calculating the sum of the FDI inflows for all the sectors we get:-
Service sector = 115.8
Construction Development = 56
Telecommunications = 37.4
Drugs and pharmaceuticals = 15.7
Computer Hardware and Software = 30.4
Chemicals(Other than fertilizers) = 25.1
Automobile industry = 23.7
Power = 24.8
Metallurgical industries = 25.3
Hotel and Tourism = 25
Thus, the simple average share of FDI inflows has been SECOND LOWEST for the Automobile industry.
Hence, option B is the correct answer.