Directions (1-5): In the passage given below there are blanks which are to be filled with the options given below. Find out the appropriate word in each case which can most suitably complete the sentence without altering the meaning of the statement.
Insolvency and Bankruptcy Board of India was set up on 1st October 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a unique regulator: ..........(1) a profession as well as processes. It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies and Information Utilities. It writes and ...........(2) rules for transactions, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code. It is a key pillar of the ecosystem responsible for ...........(3) of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for ...........(4) of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the ............(5)
Q1.
(a) runs
(b) revolutionizes
(c) enhances
(d) implements
(e) regulates
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S1. Ans.(e)
Sol. regulates- control or maintain the rate of speed (of machine or process) so that it can operate properly
Q2.
(a) forms
(b) enforces
(c) executes
(d) regulates
(e) updates
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S2. Ans.(b)
Sol. enforces- compliance with
Q3.
(a) renewal
(b) running
(c) implementation
(d) execution
(e) programming
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S3. Ans.(c)
Sol. implementation- the process of putting a decision or plan into effect
Q4.
(a) minimization
(b) increment
(c) greatness
(d) maximization
(e) lowering
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S4. Ans.(d)
Sol. maximization- the act of making something as large or great as possible
Q5.
(a) stakeholders
(b) ventures
(c) citizens
(d) partners
(e) professionals
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S5. Ans.(a)
Sol. stakeholders- a person with an interest or concern in something, especially a business
Directions (6-10): In each of the questions given below a sentence is given with one blank. Below each sentence FIVE words are given out of which two one fit the blank. You have to choose the correct word which can fit in the given sentence.
Q6. The announcement came after the commission found that the electoral process ........... on account of unlawful activities of the candidates and political parties and their workers in planning to allure voters through distribution of freebies.
(a) validated
(b) nulled
(c) vitiated
(d) damaged
(e) contaminated
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S6. Ans.(c)
Sol. vitiated- violated
Q7. This led to a heated exchange of words between the two groups, and a vehicle each of the two groups were ..........
(a) spoiled
(b) demolished
(c) destructed
(d) shattered
(e) damaged
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S7. Ans.(e)
Sol. damaged- suffered a damage
Q8. According to an insider, there was no need to take a stance so early, especially in a by-election where the final outcome was ........... so far.
(a) prophesized
(b) unpredictable
(c) fantasized
(d) imagined
(e) incredible
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S8. Ans.(b)
Sol. unpredictable- that which can't be forecasted
Q9. According to forensic experts who conducted the post mortem, Roy had a bullet injury on his upper palate and skull. Since it was a close shot, the bullet had .......... from the skull.
(a) escaped
(b) eloped
(c) avoided
(d) hidden
(e) passed
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S9. Ans.(a)
Sol. escaped- to get away from
Q10. If they want they can arrest me, and we can go to court to prove that I haven’t .......... the law. But I am going home.
(a) bifurcated
(b) formulated
(c) broken
(d) besieged
(e) benign
Show Answer
S10. Ans.(c)
Sol. broken- fragmented in separate pieces

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