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Question

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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C

115%

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D

125%

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E

140%

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Solution

The correct option is D

125%


Average foreign exchange reserves over the given period =[18×(2640+3720+2520+3360+3120+4320+5040+3120)]million US $ = 3480 million US $.

Foreign, exchange reserves in 1996 -- 97 = 4320 million US $.

Required Percentage =43203480×100=124.14%=125%.


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