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Directions: In the given statements, a blank has been given. This needs to be filled up using the correct combination of words from the options mentioned, so that the resulting statement is grammatically and contextually correct.
Strategic defaulters may _______ up to 40 percent of nonperforming loans, against an original estimate of 15 percent, which was revised to 25 percent at the end of 2017.
I. Account for
II. Add up
III. Back down
Only I
Only II
Only II and III
Only I and II
All of the above
I. Account for means ‘to explain, give a reason’. Example: I hope you can account for the time you were out! This fits in contextually and grammatically. II. Add up means ‘to make sense, seem reasonable’. Example: The facts in the case just don’t add up. Up will be used twice if put in the blank. Also, in terms of the meaning, add up does not fit in. III. Back down means ‘retract or withdraw your position or proposal in an argument’. Example: She refused to back down and was fired as a result. This is clearly incorrect. Only I is correct.
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