In the following passage certain parts of the paragraph are omitted Choose the most appropriate expr...........

English language (insurance) Cloze test

Directions (97-101): In the following passage, certain parts of the paragraph are omitted. Choose the most appropriate expression among the five options given against each number which makes the sentence of the paragraph grammatically correct and contextually meaningful. A Parliamentary panel has recommended the earmarking of a defined portion of proceeds from the divestment of State-owned enterprises for __________ (97) ___________ proposals of sick publicsector undertakings (PSUs) that have the potential to turn around. “In this manner, the government can extend a hand-holding support to the select ________(98)___________in [the] future,” the panel said in a report. The government had set a target of raising 80,000 crores in 2018-19 by selling stakes in the Stateowned firms, with strategic divestment of 24 CPSEs (central public-sector undertakings) on the cards and privatisation of Air India on track. Besides, NITI Aayog is preparing another list of sick PSUs that can be privatised, its chief executive officer Amitabh Kant said last month. The Prime Minister’s Office (PMO) had asked the think-tank to look into the _____________(99)______________.

The Aayog had already recommended strategic divestment of 40 sick public-sector undertakings. In its report, the Parliamentary Standing Committee on Industry said it was of the firm opinion that while making a decision to disinvest PSUs, especially those that are profit-making, ____________(100)______________ to the jobs supported by them, the track record of their contribution to the national economy, their capex (capital expenditure) creation potential and also their role in balancing the social/regional fabric

The committee observed that timely approval of revival plans of CPSEs with accurate cost estimates, availability of funds with the government and the _______________ (101)_______________ are crucial factors.

In the following passage, certain parts of the paragraph are omitted. Choose the most appropriate expression among the five options given against each number which makes the sentence of the paragraph grammatically correct and contextually meaningful.

renovation, decoration and trimming

finalization, closer and annihilation,

restructuring, renovation and decoration

optimization, management and conventionalisation

funding revival, restructuring and modernisation

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Explanation:

Part of the proceeds from the funds received from the disinvestment of PSUs should be used for funding revival, restructuring and modernization. The PSUs which are already sick and need government support, ‘decoration’ or ‘renovation’ of their premises from these critical funds does not make any sense hence option (a) and option (c) cannot be the answer. It is clear from this article that it focuses on restructuring and revival of PSUs so ‘annihilation or closer’ doesn’t fit in the context hence option (b) cannot be our answer. Conventionalisation: the act of conventionalizing (conventional methods of PSUs might be wrong may be that’s why they are in such a precarious state so going back to conventional methods is not a solution therefore option (d) cannot be our answer.