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The bar graph shows the foreign exchange reserve of a country (in million US $) from 1991-92 to 1998-99. Based on the bar graph answer the 5 questions.
Question 110
The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review ?
Solution
Total number of foreign exchange reserves (in million US $) in the given years
= 2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120 = 27,840
=> Average foreign exchange reserves (in million US $) = $$\frac{27,840}{8}=3480$$
Foreign exchange reserves in 1996-97 (in million US $) = 4320
=> Required % = $$\frac{4320}{3480}\times100\approx125\%$$
=> Ans - (B)
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