Directions (For the next four items): Refer to the graphs given below and answer the items that follow. Graph 1 — 'Foreign Investment Approvals and Inflows (US $ Mn.)', 1992–1996 (light bar = inflows, dark bar = approvals): 1992 inflows ~3000/approvals ~1500; 1993 inflows ~1500/approvals ~2500; 1994 inflows ~3500/approvals ~2800; 1995 inflows ~2000/approvals ~9800; 1996 inflows ~2000/approvals ~8000. Graph 2 — 'Sector-wise Foreign Investment approved for 1996' (pie): SAARC 2%, ASEAN 3%, EU 23%, NAFTA 35%, OTHER 37%.
88. In which year is the ratio of foreign investment approvals to foreign investment inflows highest?
- A1992
- B1993
- C1994
- D1995
Explanation
The approvals-to-inflows ratios are: 1992 ≈ 1500/3000 = 0.5; 1993 ≈ 2500/1500 ≈ 1.67; 1994 ≈ 2800/3500 = 0.8; 1995 ≈ 9800/2000 = 4.9; 1996 ≈ 8000/2000 = 4.0. The ratio is highest in 1995, when approvals surged while inflows stayed low.