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The percentage increase in the foreign exchange reserves in 1997 - 98 over 1993 - 94 is:
Answer & Solution
Correct Answer:
Option
A
$$\eqalign{
& \text{Reserve in 1993 - 94 = 2520} \cr
& \text{Reserve in 1997 - 98 = 5040} \cr
& \text{Increase %} \cr
& = \frac{5040 - 2520}{2520} \times 100\% \cr
& = \frac{2520}{2520} \times 100 \cr
& = 100\% \cr} $$
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