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 1.
Option 1: easy
Option 2: rare
Option 3: severe
Option 4: high
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Correct Answer: rare
Solution : The correct choice is the second option .
The sentence talks about sudden changes in the gilt market. If these changes occur infrequently or are uncommon, they would be described as rare. This word fits contextually, indicating that such changes don't occur frequently.
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