Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-29

Directions: Study the following graph carefully and answer the questions that follow.

Foreign exchange reserves of a country (in million US $) from 1991-92 to 1998-99

For which year, the per cent increase of foreign exchange reserves over the previous year, is the highest?

A) 1992-93

B) 1993-94

C) 1994-95

D) 1996-97

E) 1997-98

Correct Answer: A

Solution :

Years	Percentage increase in reserve during these years compared to previous years
1992-93	\[\frac{(3720-2640)}{2640}\times 100=40.91\]%
1994-95	\[\frac{(3360-2520)}{2520}\times 100=33.33\]%
1996-97	\[\frac{(4320-3120)}{3120}\times 100=38.46\]%
1997-98	\[\frac{(5040-4320)}{4320}\times 100=16.67\]%

It is clear that percentage increase over previous year is the highest for 1992-93.