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Directions (Q.1- 8): In the following passage there are blanks each of which has been numbered. These numbers are printed below the passage and against each, five words/phrases are suggested one of which fits the blank appropriately. Find out the appropriate word/phrase in each case:

Mr. Padmanabhan …(1)… that there were risks …(2)… with full capital account …(3)… . Yet, he felt that resisting liberalization over an extended period could prove futile and counter-productive. As the economy got more globalised, it would become harder to …(4)… closed capital accounts, Mr. Padmanabhan said. “…(5)… openness to international trade may create opportunities for …(6)… of capital account restrictions through under- and over-invoicing of trade transactions, and the increasing …(7)… of investors and global financial markets makes it much easier to do so,’’ he conceded. Corporates could use transfer pricing to get around capital account restrictions, he said. However, keeping any restriction for too long could prove self-defeating as people ended up finding new methods of bypassing that …(8)…, he added. Ipso facto, he felt, India should move towards full capital account convertibility. “There is simply no escape from it,’’ Mr. Padmanabhan asserted.

Q1. 1. conceded              2. retained              3. gained              4. concede              5. denied

Q2. 1. associate              2. associated              3. considerate              4. incorporate              5. conjoin

Q3. 1. inconvertibility              2. convertible              3. inconvertible              4. convertibility              5. exchangeable

Q4. 1. preserved              2. display              3. maintain              4. elevate              5. dissolve

Q5. 1. decreasing              2. increasing              3. increased              4. decreased              5. diminished

Q6. 1. escape              2. evade              3. dodge              4. circumvent              5. circumvention

Q7. 1. crude              2. sophistication              3. backward              4. naive              5. sophisticated

Q8. 1. restricted              2. construction              3. constructed              4. restriction              5. liberation

Directions (9- 10): Which of the phrase (a), (b), (c), (d) given below each sentences should replace the phrase printed in bold to make the sentence grammatically correct? If the sentence is correct as it is, mark (e) is ‘No correction required’ as the answer.

Q9. He has visited many places all over the city looked at the perfect location to set up his factory.

1. looking out                 2. looking for           3. looking after              4. looked forward to              5. No correction required

Q10. No traffic will be allowed in this area since the minister visit scheduled today.

1. ministers visit            2. minister is visiting              3. minister’s visit is              4. visit of the minister             5. No correction required

Solution
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