Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Choose the correct word to be used to make the sentence coherent and grammatically correct.
The Reserve Bank of India (RBI) on Tuesday 1) ___________________ that there would be no change in existing currency and banknotes. The clarification was made by RBI when there were reports that claimed the central bank was 2) ___________________ changes to the already existing currency and banknotes by 3) ___________________ the face of Mahatma Gandhi.
“There are reports in few sections of the 4) ___________________ that the Reserve Bank of India is considering changes to the existing currency and banknotes by changing the face of Mahatma Gandhi with that of others,” the RBI said in a 5) ___________________.
Choose the correct option which can be used in the blank 1
Option 1: mortified
Option 2: subsided
Option 3: clarified
Option 4: Exaggerated
Correct Answer: clarified
Solution : The correct answer is option is clarified.
The Reserve Bank of India (RBI) on Monday clarified that there would be no change in existing currency and banknotes.
Explanation:
Clarified is the only word that will fit the blank. It means to simplify and make (a statement or situation) easier to understand.
Meaning of the rest of the words: Mortified-To mortify is to make someone feel humiliated, ashamed, or embarrassed.
Subsided- to become calmer or quiet
Exaggerated-to make something look larger
xaggerated-Accept a demand, request, or agreement
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Choose the correct word to be used in blank 5.
Option 1: entitlement
Option 2: legacy
Option 3: resumption
Option 4: statement
Choose the correct option which can fit in blank 3
Option 1: replacing
Option 2: implementing
Option 3: garnering
Option 4: bankrupting
Choose the correct option to fit into the blank 4
Option 1: mulling
Option 2: media
Option 3: entitlement
Option 4: acceded
Choose the correct option which can be used in the blank 2
Option 1: Mortify
Option 2: ransacking
Option 3: Accede
Option 4: mulling
Question : Which of the following is a function of the Reserve Bank of India (RBI)?
Option 1: Formulating monetary policy
Option 2: Issuing currency notes
Option 3: Regulating and supervising the functioning of banks
Option 4: All of the above
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