English: Cloze Test for Upcoming Exams – Set 160

Directions(1-10): In the passage given below there are 10 blanks. Every blank has four alternative words given in options (A),(B),(C), and (D). You have to tell which word is APPROPRIATE according to the context. If all are appropriate then mark your answer as “E”.

In early September, Joko Widodo, Indonesia’s president, promised a “massive deregulation” aimed at attracting foreign investment. Outsiders were ___1___. Mr Joko’s predecessor, Susilo Bambang Yudhoyono, left the country’s business climate ___2___ on what Adam Schwarz, a consultant, calls “a regulatory miasma” that strongly discouraged investment, whereas Mr Joko, best known as Jokowi, has openly ___3___ foreign capital.
Over the past six weeks his administration has unveiled a series of deregulatory measures. On September 9th the government made it easier for foreigners to open bank accounts, ___4___ import restrictions on goods such as tyres and cosmetics that were designed to protect local industries, and eliminated some ___5___ and silly business regulations. No longer, for instance, must Indonesian-language labels be affixed to imported goods before they arrive; now they can be printed in Indonesia and attached before public circulation.
A couple of weeks later Jokowi cut the time required to process some investment permits, and cut taxes for exporters who deposit foreign-exchange revenue in Indonesia or convert it into rupiah—a move to ___6___ the country’s wobbly currency. This month he announced discounts on overnight electricity prices and the streamlining of some land-procurement rules, as well as cuts to subsidised-fuel prices (though these may do little more than raise questions about Jokowi’s commitment to market pricing).
Tom Lembong, Indonesia’s Harvard-educated, ex-Morgan Stanley new trade minister, says that Jokowi, who developed a reputation as a pragmatist while governing Jakarta and his hometown of Solo, loves these sorts of “simple, practical…measures that are completely and directly felt by industry.” And to its credit, Indonesia has resisted the temptation to ___7___ in the face of a plunging currency and rising bond yields. It has, for instance, maintained fiscal discipline—aided by a law that ___8___ the budget deficit at 3%.
Markets nonetheless seem unconvinced. The rupiah continued its slide after the first two announcements. It has recovered some ground this month, along with other emerging-market currencies, but has still fallen by 8% against the dollar this year. Economic growth is at its slowest since 2009. Nobody doubts the new ___9___ measures are better than nothing, but they are hardly “massive”.
One foreign businessman, long resident in Indonesia, ___10___ them as resulting from “bureaucrats talking to themselves about how we can be a better bureaucracy rather than how we can be more receptive to foreign investment.”

  1. dreary
    All are Correct
    Option C


  2. choking
    All are Correct
    Option A


  3. spurned
    All are Correct
    Option B


  4. come to an arrangement
    do a deal
    struck down
    make a compromise
    All are Correct
    Option C


  5. hassle-free
    All are Correct
    Option B


  6. diminish
    shore up
    All are Correct
    Option D


  7. panic
    All are Correct
    Option A


  8. institutes
    All are Correct
    Option C


  9. permissive
    All are Correct
    Option C


  10. appraises
    All are Correct
    Option E


Related posts

Leave a Comment