Directions for the following:

Read the following information and answer the items that follow. Your answers to these items should be based on the information given only.

The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.

Foreign Exchange Reserves Of a Country. (in million US $)

Question 32.The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?

(a) 95%

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(b) 110%

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(d) 125%

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Solution

The correct option is D (d) 125%
Answer 32. (d)
Explanation:
Average foreign exchange reserves over the given period
= [1/8(2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120)million US $= 3480 m i l l i o n U S$ .
Foreign exchange reserves in 1996 - 1997 = 4320 million US $.
Required percentage = (4320/3480100)% = 124.14% = 125%.

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