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

  2. A.

    95%

    B.

    110%

    C.

    115%

    D.

    125%

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    Answer : Option D

    Explanation :

    Average foreign exchange reserves over the given period

    = [18 x x (2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120)] million US $

    = 3480 million US $.

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

    Therefore Required percentage = [ 43203480 x 100 ] % =  124.14% ~= 125%.


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