New Pattern Based Data Interpretation For SBI PO 2020 | Data Interpretation PDF for IBPS PO 2020

Directions: Study the following line and table chart carefully and answer the questions given beside.

The line graph given below gives the information about the total sum of taxes (In Rs. thousand crores) collected by GOI during the five consecutive years. The table given below gives the information about the ratio between Income tax, Corporate Tax, and other taxes collected during the respective year.

Total tax = Income tax + Corporate tax + Other tax

 Tax → Year ↓ Income Tax Corporate Tax Other Tax 2013 3 5 4 2014 4 3 6 2015 5 4 6 2016 2 1 4 2017 2 3 4

Important for :
1
What was the total sum of corporate tax collected (in Rs. thousand crore) in the year 2013, 2015, and 2017 together?
» Explain it
D
Let us make a fresh table

 Tax → Year ↓ Income Tax Corporate Tax Other Tax 2013 (3/12) × 480 = 120 (5/12) × 480 = 200 (4/12) × 480 = 160 2014 (4/13) × 780 = 240 (3/13) × 780 = 180 (6/13) × 780 = 360 2015 (5/15) × 900 = 300 (4/15) × 900 = 240 (6/15) × 900 = 360 2016 (2/7) × 1050 = 300 (1/7) × 1050 = 150 (4/7) × 1050 = 600 2017 (2/9) × 1260 = 280 (3/9) × 1260 = 420 (4/9) × 1260 = 560 Sum 1240 1190 2040

The required sum = 200 + 240 + 420 = 860 thousand crores

Hence, option D is correct.

2
The total Income tax collected during the five years together was how much more than that the total Corporate tax collected during the five years together?
» Explain it
A
The required difference = 1240 – 1190 = Rs. 50 thousand crores

Hence, option A is correct.
3
What is the ratio of the total corporate tax collected in the year 2015 to the total Income tax collected in the year 2017?
» Explain it
C
The total corporate tax collected in the year 2015 = 240 thousand crores

the total Income tax collected in the year 2017 = 280 thousand crores

The required ratio = 240 : 280 = 6 : 7

Hence, option C is correct.

4
The total amount of other tax collected in the five years together was how much more than the Income tax collected in the five years together?
» Explain it
A
The total amount of other tax collected in the given years together = 2040 thousand crores

The total amount of Income tax collected in the given years together = 1240 thousand crores

The required difference = 2040 – 1240 = Rs. 800 thousand crores

Hence, option A is correct.

5
How much percentage increase in total Income tax collection was observed in the year 2016 over the year 2013?
» Explain it
B
Total Income tax collection in the year 2016 = 300 thousand crores

in total Income tax collection in the year 2013 = 120 thousand crores

the required percentage increase

 = (300 – 120) × 100 = 180 × 100 = 150% 120 120

Hence, option B is correct.

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In this article we will discuss What is Data Interpretation, How its important for Bank PO and Clerk Exams.

What is Data Interpretation and how its useful for SBI PO, SBI Clerk, LIC, NABARD etc

In our day-to-day life, data is reported in the newspapers, on television, and in magazines. The data involves business, government, sports and many other topics. It is represented in an organized fashion, making it easy to interpret what you hear and read in the media. Those set of problems is being asked in different kind of form like Pie Chart di, Bar Chart di, Table Chart di, line chart di and info chart etc.

Now come back to the point data interpretation,  Data has to be well organized for it to be useful. This process of interpreting and analysing data to extract meaningful information from it is Data Interpretation. Solving Data Interpretation problems involves the use of basic formulas and manipulation of numbers.
Data Interpretation is calculation-intensive. It consists of a myriad of graphs, charts and tables form which you have to glean and analyse data. The key to cracking this area is to quickly identify the key pieces of data that you require to work on the questions asked.

Problems in Data interpretation are probably the closest in resemblance to the kind of problems you will be dealing with as a manager. They test your decision-making ability and speed using the minimum possible data. They help you to draw conclusions from collected data, support decision making, and contribute to better process, product, and quality models.

Data Sufficiency problems involve testing your quantitative concepts. They usually take the form of a logical puzzle. Instead of solving a data sufficiency problem, all you need to do is determine if the given information is enough to solve the problem. To solve Data Interpretation Questions & Answers for Banking and Insurance Exams like SBI, IBPS, NABARD & RBI Grade B, NIACL, and LIC, you need to brush up your calculation skills; you need to perform calculations faster and accurately than others. The difficult Data interpretations should be solved within 10-12 minutes. The DI of moderate level should not consume more than 7-9 minutes of the time and easy DI's should be finished within 3.5-4 minutes.

In these Data Interpretation Quizzes, you familiarized yourself with the key concepts and improved your problem-solving abilities. At Smartkeeda you will get Easy level data interpretation to High level data interpretation at low cost. Practice and tests are important to optimize your preparation. First take the quizzes regarding your exams and take full mock test at Testzone to improve your problem-solving skills. Questions that have appeared in the previous IBPS PO exams are also a part of these quizzes. Go through them you can understand where the focus lies in an examination environment. The detailed solutions of the questions may provide some alternate strategies that can help you improve your speed and accuracy.