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Q: What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94?
A. 100 B. 150
C. 200 D. 620

Answer and Explanation

Answer:100

Explanation:
Foreign exchange reserves in 1997 - 1998 = 5040 million US $.
Foreign exchange reserves in 1993 - 1994 = 2520 million US $.
Increase = (5040 - 2520) = 2520 US $.
Percentage Increase = 2520/2520 x 100 % = 100%

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