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

100

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200

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250

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Solution

The correct option is A
100

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

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

$∴$ Increase = ( 5040 -- 2520 ) = 2520 million US $.

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

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