Question

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

• A. 100
• B. 150
• C. 200
• D. 62
• E. 250

Answer 1

The correct option is A

100

Foreign exchange reserves in 1997 - 98 = 5040 million US $

Foreign exchange reserves in 1993 - 94 = 2520 million US $.

$\therefore$ Increase = ( 5040 -- 2520 ) = 2520 million US $.

$\therefore$ Percentage increase = $\frac{2520}{2520}\times 100=100\%.$