Multiple Choice Questions on G ........ for Combined Bank PO and Clerical Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Directions: In the following passage, some of the words have been left out, each of which is indicated by a letter. Find the suitable word from the options given against each letter and fill up the blanks with appropriate words to make the paragraph meaningful.

    It is clear that the GST reform will lead to significant ___ A ___ in the economy in the short term. How short is the short term depends on how well the transition is planned, and how fast the economic agents will adjust to the new normal. The disruptions caused by demonetization continue to ___ B___ large parts of the unorganised economy even as the economy had been substantially remonetised. It is very difficult to predict the impact of such disruptions and the ___ C ___ they create. The power loom sector has considerably suffered on account of one disruption, and with different tax rates proposed to be levied on yarn, fabrics and readymade garments, Tamil Nadu manufacturers are at war. Transporters will soon find that the tax paid on fuel cannot be credited against the GST payable on the transportation services ___ D ___ by them. There are concerns about the rates of tax, mandated compliances and glitches in transition, and investment activity is virtually at a standstill, with everyone waiting to see how the reform pans. Even as the tax is about to be ___ E ___ , old decisions are changed and new decisions taken by the GST Council, and there is hardly any time to ___ F ___ them. The government could have used the time until September to provide greater clarity and test the technology through some ___G ___ runs to ensure a smoother transition.


    G

    high

    Incorrect Answer

    sly

    Incorrect Answer

    cry

    Incorrect Answer

    dry

    Correct Answer

    fly

    Incorrect Answer
    Explanation:

    Correct Answer is (d).A dry run (or a practice run) is a testing process where the effects of a possible failure are intentionally mitigated.
    Clearly, the word ‘dry’ fits the blank most appropriately.Option D is hence the correct answer.


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