Directions: In the following passage ten blanks are left out labeled with letters A, B, C and so on. You have to choose a set of words that is correct grammatically and contextually in order to fill the blank.

The Union Cabinet has approved a series of changes in foreign direct investment norms as the government prepares to enter the last lap of its economic policy-setting phase ahead of the 2019 election. Key among these was the decision to __ A __ up to 49% overseas ownership, including by a foreign airline, in Air India. This comes just a little more than six months after the Cabinet Committee on Economic Affairs gave its nod for a strategic __ B __ of the airline. The relaxation in ownership norms clears the decks for possible bidders such as the Singapore Airlines-Tata combine and Jet Airways — with its overseas equity and route partners — to make a more detailed commercial __ C __ of the investment opportunity the state-owned flag carrier presents. For the fiscally constrained government, the __ D __ couldn’t have come sooner. With the Union Budget due soon and the government __ E __ short of its budgeted strategic disinvestment goal for the current financial year — as of end-November, only 28% of the targeted ?15,000 crore had been realised — the hope must be for an __ F __ timetable for the stake sale. Still, the fulfillment of a necessary condition for a strategic sale doesn’t automatically become sufficient grounds for a successful privatisation. Given the carrier’s accumulated debt of about ?50,000 crore and the fact that the interest of potential investors is likely to be focused on Air India’s __ G __ long-haul international routes and its fleet of more than 40 wide-bodied aircraft, disinvestment will be neither easy nor guaranteed. At the very least, the government needs to set a distinct, __ H __ road map for the sale process.

The other reform cleared by the Cabinet was the __ I__ decision to put 100% FDI in Single Brand Retail Trading under the ‘automatic’ route, accompanied by the long-sought relaxation of mandatory local sourcing norms. This had been a major issue with potential investors including Apple, which had repeatedly urged the government to take a more __ J __ view given the level of technological advancement incorporated in its products and the difficulty in finding local sources of supply at the requisite scale. 
» Explain it
B
Usage of either of the compound nouns “bio-diversity” and “eco-friendliness” would be irrelevant as neither of them is going well with the context. Options D and E hence get eliminated.

“Prosperity” would have been a suitable choice, had the word ‘health’ not present in the clause.

Between the rest of the two words - “atmosphere” and “ecology”, the latter fits the blank more appropriately as the noun ecology describes the environment as it connects to living things, or the branch of biology that studies that environment whereas “atmosphere” just refers to ‘the pervading tone or mood of a place, situation, or creative work.’

Option C is hence the correct answer.
» Explain it
C
To give away one's ownership is called disinvestment, which is being talked about here. Thus only option C depicts the words that render the similar meaning.

Seizure is to capture something forcefully, which is incontextual.

Destitution means extreme poverty which is illogical.

Option B is also absurd here.

Hence option C is correct.
 
» Explain it
A
Any investment is done basis some evaluation or estimation of pros and cons related to that specific deal. Thus the correct set of word representing such estimation is option A- evaluation and assessment.

Opinion is just a point of view, which is absurd here.

Similarly validity used in option C is also illogical.

Hence option A is correct.

 
» Explain it
C
As per the passage, in the given poor economic condition, the decision of disinvestment has come at right time. Earlier economy was not in condition to absorb the change.

Option C that contains words - decision and conclusion is perfectly fitting the blank, where these words refer to decision of disinvestment.

Hence option C is correct.
 
» Explain it
A
Here the phrase 'short of' describes shortage or deficiency, thus a negative word should come before it.

Option B is grammatically incorrect, as the blank requires an adverb to qualify the shortage.

In option C, the first word fair is grammatically incorrect being an adjective.

Option D renders a positive meaning (little shortage), thus incorrect here.

Both the words of option A renders negative sense and goes well with the given phrase.

Woefully means very badly and extremely also depicts an extreme degree.

Hence option A is correct.
 

Cloze Test is asked in every Bank and Insurance exam. It is one of the most important topics of General English section. It is a very complex sentence completion test. In this test you are provided with a passage with few blanks and you need to fill these blanks from the given options. This test evaluates your Vocabulary power, understanding of the message spread out by the passage and your knowledge about grammar.

Some important tips on how to attempt Cloze Test:

1. First of all you have to go through the given passage and try to get a rough idea about the content and the message it conveys.

2. Once you get the rough idea about the passage and understand logics behind it. These logics will give you an idea about the appropriate word for the blank space.

3. Sometimes you can easily spot the correct answer. If not, then eliminate the improbable options one by one and get the right answer.

4. Find a logical relation between all the provided options and fill the appropriate word in the given blanks.

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