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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Explanation:
Total amount allotted in 2011 = 4.5*10
Total number of departments = 200
Thus, the amount received by each department = 225000
Total amount allotted in 2012 = 60000000
The amount received by each department = 300000
Thus the excess of amount each department is getting = 300000 - 225000 = 750000 = Rs. 7.5*10
Hence, option C is the correct answer.