Discussion Forum



 The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991-92 to 1998-99. Answer the questions based on this graph.

 

ex1.jpg

1)

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

E) 1997-98

Answer:

Option A

Explanation:

There is an increase in foreign exchange reserves during the years 1992-93, 1994-95, 1996-97 and 1997-98 as compared to previous year (as shown by bar-graph).
The percentage increase ip reserves during these years compared to previous year are :

(i) For 1992-93 =((3720 - 2640)/2640) X 100 %=40.91%

(ii) For 1994-95 =((3360 - 2520)/2520) X 100 %=33.33%

(iii) For 1996-97 =((4320 - 3120)/3120) X 100 %=38.46%

(iv) For 1997-98 =((5040 - 4320)/4320) X 100 %=16.67%

Clearly, the percentage increase over previous year is highest for 1992-93.