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Exercise:

Section 1

Section 2

Section 3

Section 4

Section 5

Section 6

Section 7

► Section 8

Section 9

Section 10

Direction to solve :
 The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
Foreign Exchange Reserves Of a Country. (in million US $)
01. The ratio of the number of years, in which the foreign exchange reserves are above the average reserves, to those in which the reserves are below the average reserves is?
A. 2:6 B. 3:4
C. 3:5 D. 4:4

Answer and Explanation

Answer: 3:5

Explanation:
Average foreign exchange reserves over the given period = 3480 million US $.
The country had reserves above 3480 million US $ during the years 1992-93, 1996-97 and 1997-98, i.e., for 3 years and below 3480 million US $ during the years 1991-92, 1993-94, 1994-95, 1995-56 and 1998-99 i.e., for 5 years.
Hence, required ratio = 3 : 5.

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02. The foreign exchange reserves in 1997-98 was how many times that in 1994-95?
A. 0.7 B. 1.2
C. 1.4 D. 1.5

Answer and Explanation

Answer: 1.5

Explanation:
Required ratio = 5040/3360 = 1.5.


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03. 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 and Explanation

Answer: 1992-93

Explanation:

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04. The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?
A. 95% B. 110%
C. 115% D. 125%

Answer and Explanation

Answer: 125%

Explanation:

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05. 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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