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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 $)
1. | 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? |
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Answer: Option C 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. |
2. | The foreign exchange reserves in 1997-98 was how many times that in 1994-95? |
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Answer: Option D Explanation:
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3. | For which year, the percent increase of foreign exchange reserves over the previous year, is the highest? |
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Answer: Option A Explanation: There is an increase in foreign exchange reserves during the years 1992 - 1993, 1994 - 1995, 1996 - 1997, 1997 - 1998 as compared to previous year (as shown by bar-graph). The percentage increase in reserves during these years compared to previous year are:
Clearly, the percentage increase over previous year is highest for 1992 - 1993. |
4. | The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review? |
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Answer: Option D Explanation: Average foreign exchange reserves over the given period
= 3480 million US $. Foreign exchange reserves in 1996 - 1997 = 4320 million US $.
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5. | What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94? |
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Answer: Option A Explanation: Foreign exchange reserves in 1997 - 1998 = 5040 million US $. Foreign exchange reserves in 1993 - 1994 = 2520 million US $.
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