Industrialisation of continental Europe and Asia was however financed under the aegis of German type...........

English ( Master) Sentence Completion

Directions (1-15): In each of the questions given below an incomplete sentence which must be filled/ completed with one of the sentences/phrases given below i.e. one of the sentences/phrases can be fit into the given blanks. Choose the correct option and complete the given sentences.

Industrialisation of continental Europe and Asia was, however, financed under the aegis of German-type universal banks and state-sponsored______________________.

development banks will underwrite a risk on long-terms credit.

development banks underwrited the risks on long- terms credit.

development banks underwriting the risks of long-term credit.

development banks had been to underwrite the risks of long-term credit

None of these.

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Explanation:

Correct Answer is (c).The correct answer choice is option (c) “development banks underwriting the risks of long-term credit.” is grammatically and contextually correct.