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In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank. Comprehension: If you don’t have a lump sum to invest in a fixed deposit, you can (1)______ opt for a long-term recurring deposit, (2)______ the minimum amount of monthly investment is (3)______ low as Rupees 100. At the end of the (4)______ you get back the amount invested (5)______ with the interest earned on it. It is a good way of saving money regularly.
Select the most appropriate option to fill in blank No.4.
tenure
timing
interval
time
- The passage discusses options for investing money when a lump sum isn't available.
- You can choose to invest in a recurring deposit instead of a fixed deposit.
- Blank No. 4 refers to the period of time until the savings mature.
- Option 1: tenure - Typically, "tenure" refers to the duration or term of holding a position or investment in this context. It aligns well with the end period of an investment.
- Option 2: timing - Timing usually refers to the selection of a particular moment or period for doing something.
- Option 3: interval - Interval might imply a repeat in events rather than a complete period.
- Option 4: time - Time is a more general term, less specific compared to "tenure."
tenure correctly aligns with the intended meaning of the complete duration of the investment.
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