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 5.
Option 1: cup
Option 2: pond
Option 3: storm
Option 4: soil
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Correct Answer: storm
Solution : The correct choice is the third option.
Weather the storm is an idiomatic expression meaning to endure a difficult or turbulent situation. In this context, the sudden changes in the market caused by the mini-budget created chaos, and pension providers had to take action to survive or endure this challenging situation.
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