English : Cloze Test for Upcoming Exams – Set 24

Direction (1-6) : In the passage given below there are 6 blanks, each followed by a word given in bold. Even blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required”.

INNOVATION, the elixir of progress, has always (1)______ [lost] people their jobs. In the Industrial Revolution artisan weavers were (2)_______ [kept] aside by the mechanical loom. Over the past 30 years the digital revolution has displaced many of the mid-skill jobs that (3)______ [changed] 20th-century middle-class life. Typists, ticket agents, bank tellers and many production-line jobs have been (4)_______ [reduced] with, just as the weavers were.

For those, including this newspaper, who believe that technological progress has made the world a better place, such churn is a natural part of rising prosperity. Although innovation (5)_____ [kills] some jobs, it creates new and better ones, as a more productive society becomes richer and its wealthier inhabitants demand more goods and services. A hundred years ago one in three American workers was employed on a farm. Today less than 2% of them produce far more food. The millions (6)______ [led] from the land were not consigned to joblessness, but found better-paid work as the economy grew more sophisticated. Today the pool of secretaries has shrunk, but there are ever more computer programmers and web designers.

  1. A) swipe
    B) highlight
    C) cost
    D) reduced
    E) No change required
    View Answer
    Option C
    Explanation
    : cost here means loss. People lost their jobs due to innovation.
  2. A) hired
    B) changed
    C) seen
    D) swept
    E) No change required
    View Answer
    Option D
  3. A) adopted
    B) underpinned
    C) required
    D) admired
    E) No change required
    View Answer
    Option B
    Explanation
    : underpinned – form the basis for
  4. A) downgraded
    B) comforted
    C) admired
    D) dispensed
    E) No change required
    View Answer
    Option D
    Explanation
    : dispense with – to no longer use someone or something because you no longer want or need them
  5. A) denies
    B) offers
    C) varies
    D) requires
    E) No change required
    View Answer
    Option E 
  6. A) occupied
    B) requested
    C) freed
    D) originated
    E) No change required
    View Answer
    Option C

Direction (7-10) : In the passage given below there are 5 blanks, each followed by a word given in bold. Even blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required”.

IN THE immediate (7)_______ [change] of the financial crisis, politicians and regulators from around the world stood shoulder to shoulder and promised to tame the excesses in the banking system that had brought the global economy to its knees. Among the first of their proposed reforms was to have more loss-absorbing capital in banks to (8)_____ [elongate] the risks of future taxpayer-funded bail-outs. How quickly memories fade.

On January 12th the Basel committee, a club of central bankers and supervisors, released new rules that are weaker than their previous proposals. The technical (9) ______ [verification] may let big banks—mostly European ones—off the hook of having to raise as much as €70 billion ($96 billion) in capital. Although banks will still have to meet a leverage target of at least 3%, the formula for calculating it has been softened. The next day brought a surge in the share prices of big banks, which had lobbied hard for a dilution of the rules. Investors’ elation ought to be worrying for taxpayers. One of the most remarkable features of the financial crisis of 2008 was the razor-thin capitalisation of many of the world’s largest banks. In theory, the banking system had entered the crisis with comfortably thick (10)______ [brick] .

  1. A) follow
    B) aftermath
    C) resulted
    D) changeover
    E) No change required
    View Answer
    Option B
    Explanation
    : aftermath – the consequences or after-effects of a significant unpleasant event.
  2. A) reduce
    B) increase
    C) excess
    D) request
    E) No change required
    View Answer
    Option A
  3. A) adaptation
    B) redundancy
    C) tweaks
    D) ease
    E) No change required
    View Answer
    Option C
  4. A) cushions
    B) step
    C) advantage
    D) stone
    E) No change required
    View Answer
    Option A

 

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