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Q.

The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94?

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a

150

b

100

c

620

d

200

answer is A.

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Detailed Solution

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

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

Then, the increase in foreign exchange resources of 1997-1998 over 1993-1994 = (5040 - 2520) = 2520 million US $.

Hence, the percentage increase in foreign exchange resources of 1997-1998 over 1993-1994= (25202520×100)%=100%

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