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 3.
Option 1: seen
Option 2: have seen
Option 3: has seen
Option 4: did saw
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Correct Answer: have seen
Solution : The correct choice is the second option.
The sentence structure in the passage is in the present perfect tense, indicating actions or events that have occurred at an unspecified time before now or have a connection to the present.
The phrase "as UK pension savers" in the passage suggests a connection to the present time. Therefore, the appropriate verb form to use in this context is have seen.
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