Directions (1-10): In the following passage there are blanks
each of which has been numbered. These numbers are printed below the passageand
against each, five words/phrases are suggested one of which fits the blank
appropriately. Find out the appropriate word/phrase in each case:
In economics, the term recession
generally describes the reduction of a country’s Gross Domestic Product (GDP)
for at least two quarters. A recession is (1) by rising unemployment,
increase in government borrowing, (2) of share and stock prices, and
falling investment. All of these characteristics have effects on people. Some
recessions have been anticipated by stock market declines. The real-estate
market also usually (3) before a recession. However, real-estate
declines can last much longer than recessions. During an economic decline,
high-(4) stocks such as financial services, pharmaceuticals and tobacco (5)
to hold up better. However, when the economy starts to recover growth, stocks
tend to recover faster. There is significant disagreement about how health care
and utilities tend to (6).
In 2008, an economic recession was
suggested by several important indicators of economics downturn. These (7)
high oil prices, which led to (8) high food prices due to dependence of
food production on petroleum, as well as using food crop products such as
ethanol and biodiesel as an (9) to petroleum; and global inflation; a
substantial credit crisis leading to the drastic bankruptcy of large and well (10)
investment banks as well as commercial banks in various, diverse nations around
the world; increased unemployment; and signs of contemporaneous economic
downturns in major economics of the world, a global recession.
1.
(A) imagined
(B) depict
(C) shown
(D) visualized
(E) characterized
2.
(A) increase
(B) variance
(C) more
(D) decrease
(E) abundance
3.
(A) weakens
(B) initiates
(C) awakens
(D) strengthens
(E) volatile
4.
(A) maintained
(B) yield
(C) heavy
(D) result
(E) payment
5.
(A) are
(B) want
(C) tend
(D) yearn
(E) made
6.
(A) distribute
(B) recover
(C) wait
(D) increased
(E) fight
7.
(A) meant
(B) show
(C) numbered
(D) included
(E) encompass
8.
(A) fearful
(B) dangerous
(C) abnormally
(D) healthy
(E) nutritious
9.
(A) alternative
(B) variant
(C) substitute
(D) element
(E) integral
10.
(A) wealthy
(B) costly
(C) stand
(D) created
(E) established
Answers
1. e
2. d
3. a
4. b
5. c
6. b
7. d
8. c
9. a
10.e
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