1. The foreign exchange reserves in 1997-98 was how many times that in 1994-95
- 1.5
- 2
- 3.5
- 2.6
Required Ratio = 5040
3360
2. What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94 ?
- 80%
- 90%
- 100%
- 110%
Foreign exchange reserve in 1997-98 = 5040 million US $
Foreign exchange reserve in 1993-94 = 2520 million US $
Increase = 5040 - 2520 = 2520 million US $
Foreign exchange reserve in 1993-94 = 2520 million US $
Increase = 5040 - 2520 = 2520 million US $
25202520∗100=100%.