Question: For which year, the percent increase of foreign exchange reserves over the previous year, is the highest?
[A].
1992-93 |
[B].
1993-94 |
[C].
1994-95 |
[D].
1996-97 |
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.