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Banking Sample Paper SBI PO (Main) Sample Test Paper-6

  • question_answer
    If the total Indian Economy in 2008 was$300 billion and that in 2013 was $700 billion, then what is the ratio of the value of Indian currency in Indian Economy in 2008 to that in 2013?

    A)  51:45                          

    B)  7:3

    C)  51:125    

    D)  4:5

    E)  1:3

    Correct Answer: C

    Solution :

                            Value of foreign currency in Indian Economy in 2008 \[=300\times \frac{15}{100}=\$45\,\text{bn}\] Value of Indian currency in Indian Economy in \[2008=\$(300-45)bn=\$\,255\text{bn}\] Value of Indian currency in Indian economy in 2013 \[=700\,\text{bn-700}\times \frac{25}{100}\,bn=\$(700-175)bn=\$525\text{bn}\] \[\therefore \]Reqd ratio \[=255:525=51:105\]


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