Question : Comprehension:
In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.
Sudden changes in the gilts market are (1)______, but when they do happen they can cause (2)_______ problems for certain types of pension schemes, such as UK pension savers (3)_______ recently. In addition to raising borrowing costs for the government, the market mayhem following September’s mini-budget (4)______ many pension providers to quickly cash in some of their holdings to try to weather the (5)_____.
Select the most appropriate option to fill in the blank number 2.
Option 1: untidy
Option 2: major
Option 3: scanty
Option 4: bulky
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Correct Answer: major
Solution : The correct choice is the second option.
Major fits the context, indicating that significant or substantial changes in the gilts market are infrequent but impactful.
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