Which of the words/phrases (A), (B), (C) and (D) given below should replace the words/phrases given in bold in the following sentences to make it meaningful and grammatically correct? If the sentence is correct as it is and ‘No correction is required’, mark (E) as the answer.
- At the margin, the PNB scandal raises malices that it could be a large rock in a giant iceberg. But, one hopes that the glance here gives some comfort that the government’s recapitalization plan steers the economy clear of even that kind of “giant iceberg”.
worries, preview, eitherconcerns, analysis, such areassurances, glance, kind ofserenity, synthesis, suchlikeAll are correctOption B
- The bank assets that cared into the non-performing category were nearly three times more than the escalation in the second quarter. But this restatement was in defiance with the RBI’s directives.
corrected, mend, squabblefixed, parity, dissentslipped, slippage, complianceimproved, upsurge, breachAll are correctOption C
- The panel that sets interest rates believes the abeyance in global demand should help strengthen domestic investment. Earlier, the World Bank had said in its June update on the global economy that gross domestic capital formation—or investment—would accost private consumer spending in fiscal year 2019 as the main client of Indian economic growth.
recovery, abide, operatorrecession, accost, carterrevival, overtake, drivercrash, reach, moverAll are correctOption C
- There is unique agreement that India cannot have sustainable growth acceleration unless private sector investment picks up. The economy has till recently been very heavily dependent on consumer spending plus public savings by the government.
prevailing, acquires, dismissalwidespread, picks up, investmentrestricted, learns, expulsionnarrow, collects, sackAll are correctOption B
- The deleveraging of corporate balance sheets not only that the recapitalization of public sector banks can jeff space for the financing of new industrial capacity. The battle against the investment ascent is far from over—but there is now reason to hope that the worst is over.
excluding, demolish, declineas well as, create, slumpconversely, raze, fallsimilarly, abolish, surgeAll are correctOption B
- The realities of India’s institutions are captured most straightforwardly by Lant Pritchett’s notion of a “flailing” state. Pritchett’s term refers to the fact that India’s public institutions have a Jekyll and Hyde quality to them: an exclusive set of ordinary agencies that are high-functioning and a mosaic of lower-level institutions that are not.
candidly, worst, distinctdirectly, inferior, identicalstrictly, herd, individualevocatively, elite, patchworkAll are correctOption D
- The reason for the strong reaction had to do with the ignorance that the EC was giving the Bharatiya Janata Party (BJP) government in Gandhinagar an impeded by ceding it more time to announce populist schemes designed to woo voters, which is precisely what occurred.
oblivion, detriment, ensuedperception, advantage, transpiredinsanity, hindrance, passedfolly, supportive, causedAll are correctOption B
- To make matters worse, RBI then confronted when it came to informing the public how much old currency had flee into the system post 8 November. It was finally forced to disclose in its August 2017 annual report that 99% of the notes that had ceased to be legal tender approved in Indian banks—an embarrassment to the government.
defied, abscond, applaudresisted, cramp, acclaimprevaricated, come back, wound upaccosted, delay, furiousAll are correctOption C
- The Supreme Court has historically enjoyed limited popular support, especially when compared to the highly uneven lower judiciary. Over time, however, a number of structural issues affecting its cessations have gone unaddressed.
prevalent, contrary to, actionswidespread, compared to, operationsextensive, counter to, activitiesrare, in contrast to, deedsAll are correctOption B
- The meta-lesson from the trials and tribulations of India’s elite institutions is the stark convergence between the rule of law in practice and the rule of law on paper. This should confidence Indians, but also foreign investors and governments seeking to do business with India.
divergence, concern, seekingagreement, interest, probingaccord, regard, searchingcompare, ignore, trackingAll are correctOption A