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Quantitative Aptitude

Averages

The foreign e...

Question

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

A

124%

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B

130%

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C

120%

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D

110%

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E

None of these

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Solution

The correct option is A
124%

Average foreign exchange reserves over the given period

= $\frac{1}{8} (2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120)$ = 3480 million US $.

Foreign exchange reserves in 1996 - 1997 = 4320 million US $.

Required % = $[\frac{4320}{3480} * 100]$

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