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

    2. A.

    100
    B.

    150
    C.

    200
    D.

    620

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    Answer : Option A

    Explanation :

    Foreign exchange reserves in 1997 - 1998 = 5040 million US $.

    Foreign exchange reserves in 1993 - 1994 = 2520 million US $.

    Therefore Increase = (5040 - 2520) = 2520 US $.

    Therefore Percentage Increase = [ \( \frac { 2520 } { 2520} \) x 100 ]% = 100%

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