For which year, the percent increase of foreign exchange reserves over the previous year, is the highest?
[A].
[B].
[C].
[D].
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) | x 100 | % = 40.91%. | ||
2640 |
For 1994 – 1995 = | (3360 – 2520) | x 100 | % = 33.33%. | ||
2520 |
For 1996 – 1997 = | (4320 – 3120) | x 100 | % = 38.46%. | ||
3120 |
For 1997 – 1998 = | (5040 – 4320) | x 100 | % = 16.67%. | ||
4320 |
Clearly, the percentage increase over previous year is highest for 1992 – 1993.