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Q1: What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94?

A 100

B 150

C 200

D 620

ANS:A - 100

Foreign exchange reserves in 1997 - 1998 = 5040 million US $. Foreign exchange reserves in 1993 - 1994 = 2520 million US $. Therefore Increase = (5040 - 2520) = 2520 US $.

Therefore Percentage Increase = ( 2520 x 100 ) % = 100%.
2520



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