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Arjun Singh

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· 1 Months ago

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Question:

DIRECTIONS: Answer the given question based on the following table which gives the total forex reserve of India in million dollars:

  

What was the average annual growth rate in total forex reserve from 1999 to 2002?

Options:
A)

71%

B)

23.5%

C)

17.8%

D)

20%

Solution:

Ans: (b)

(37707 - 22113) × 100/(3 × 22113) = 23.5%

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