1) What was the percentage increase in the foreign exchange reserves in 1997-98 over A) 100 B) 150 C) 200 D) 620 E) 2520 Answer: Option AExplanation:Foreign exchange reserves in 1997-98 = 5040 million US $ Foreign exchange reserves in 1993-94 = 2520 million US $. Increase = (5040 - 2520) = 2520 million US $. Percentage increase =((2520/2520) X 100)%=100%