Cloze Test 16

Cloze Test 16

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Hello Readers,

Cloze Test comes in almost all competitive examinations. Its a mandatory part of the paper. Here is a new series of cloze test for you to practice and Practice More.

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Directions—(Q. 1-10) In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

The Reserve Bank has taken a keen …(1)… in the development of the money, the government securities and the foreign exchange markets in …(2)… of their critical role in overall growth and development of the economy and …(3)… in the transmission mechanism of monetary policy. The approach has been one of simultaneous movement on several fronts, graduated and calibrated, with an …(4)… on institutional and infrastructural development and improvements in market micro-structure. The
pace of reforms was contingent …(5)… putting in place appropriate systems and procedures,
technologies and market practices. Initiatives taken by the Reserve Bank have brought about a
…(6)… transformation of various segments of the financial market. These developments by improving the depth and liquidity in domestic financial markets have …(7)… to better price discovery of interest rates and exchange rates, which, in turn, have led to greater …(8)… in resource allocation in the Economy. The increase in size and depth of financial markets has …(9)… the way for …(10)… use of indirect instruments.

Answer::

1. A
2. C
3. E
4. B
5. A
6. E
7. B
8. D
9. A
10. D
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