Banking Quantitative Aptitude Sample Paper Quantitative Aptitude Sample Paper-29

  • question_answer
    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
    The foreign exchange reserves in 1996-97 were approximately what per cent of the average foreign exchange reserves over the period under review?
     

    A) 95%                 

    B) 110%

    C) 115%               

    D) 125%

    E) 140%

    Correct Answer: D

    Solution :

    Average foreign exchange reserves over the given period
    \[=\frac{1}{8}[2640+3720+2520+3360+3120+4320+5040+3120]\]
    \[=\frac{1}{8}\times 27840=3480\]million US $
    \[\therefore \] Required percentage \[=\frac{4320}{3480}\times 100\]%
    \[=124.14\approx 125\]%
     


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