It is believed that foreign portfolio outflows from the equity market mdash triggered by the Bu...........

English ( Master) Sentence Improvement

Direction: In each of the questions given below a part of the sentence is given in bold. It is then followed by three options. Find the alternative that can replace the given bold part to make the sentence grammatically and contextually correct. If none of the alternatives is correct and the sentence is correct as it is then select option (E) as your choice.

It is believed that foreign portfolio outflows from the equity market — triggered by the Budget announcement of a hike in the surcharge on income-tax — is behind the sell-off.

I. It is a believe that

II. It been a belief that

III. It has being a belief that

Both I and II

Both II and III

Both I and III

Only III

No replacement required

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Explanation:

There is no error in the highlighted part of the given sentence and therefore no replacement is required here.

This makes Option E the correct choice among the given options.