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  1. For which year, the percent increase of foreign exchange reserves over the previous year, is the highest?

    2. A.

    1992-93
    B.

    1993-94
    C.

    1994-95
    D.

    1996-97

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    Answer : Option A

    Explanation :

    There is an increase in foreign exchange reserves during the years 1992 - 1993, 1994 - 1995, 1996 - 1997, 1997 - 1998 as compared to previous year (as shown by bar-graph).

    The percentage increase in reserves during these years compared to previous year are:

    For 1992 - 1993 = [ (3720−2640)2640 x 100 ]% = 40.91%

    For 1994- 1995 = [(3360−2520)2520 x 100 ]% = 33.3%

    For  1996-1997 = [(4320−3120)3120 x  100]% = 38.46%

    For 1997 - 1998 = [ (5040−4320)4320 x 100]% = 16.67%

     Clearly, the percentage increase over previous year is highest for 1992 - 1993.

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