Current Affairs PDF

English Questions: Cloze Test Set – 179

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Hello Aspirants.

Welcome to Online English Section with explanation in Affairs Here we are creating question sample in Cloze test, which is BASED ON IBPS & SBI PO/CLERK/LIC AAO/RRB, RBI, IPPB,SSC CGL EXAM and other competitive exams !!!

Until the global financial crisis of 2008-2009, deflation had all but disappeared as a (1) policymakers and investors in the advanced economies, apart from Japan, which has been subject (2) downward pressure on prices for nearly a generation. And now deflationary fears are on the wane again.
By the mid-1960s, the advanced economies began an era of rising inflationary pressures, ignited largely (3) fiscal and monetary policies in the United States, and acutely compounded by the oil price hikes of the 1970s. Stagflation, the combination of low economic growth and high inflation, became (4) by the end of that decade. Most contemporary market forecasts extrapolated those trends, predicting an uninterrupted upward march in oil and commodity prices. Inflation came to be seen (5) , and politicians looked toward price controls and income policies. Real (inflation-adjusted) short-term interest rates were consistently negative in most of the advanced economies.
Federal Reserve Chairman Paul Volcker’s monumental (6) US monetary policy in October 1979 (7) long cycle. Stagflation gave way to a new buzzword: disinflation, which accurately characterized many advanced economies, as inflation rates fell from double digits.
But disinflation is not the same as deflation. As shown in (8) , between 1962 and 1986, not a single advanced economy recorded an annual decline in prices. In many emerging markets, inflation rates soared into triple digits, with several cases of hyperinflation. As late as 1991, Greece had an inflation rate of about 20%. Even in historically price-stable Switzerland at that time, inflation was running above 5%.
This seems a distant memory after the steady decline in prices in Greece since 2013, alongside a debt crisis and (9) output. The Swiss National Bank, for its part, has been battling with the deflationary effects of the franc’s dramatic (10) the past few years.

  1. 1) transaction on
    2) shooting on
    3) concern for
    4) charge to
    5) deportment of
    Answer – 3)
    Explanation : concern for

  2. 1) to persistent
    2) for relenting
    3) of relentless
    4) in yielding
    5) the surrendering
    Answer – 1) 
    Explanation : to persistent

  3. 1) by lessening
    2) within amplification
    3) by expansionary
    4) with augmentation
    5) the shrinkage
    Answer – 3)
    Explanation : by expansionary 

  4. 1) the lingo
    2) a nuance
    3) an original
    4) a buzzword
    5) the jargon
    Answer – 4)
    Explanation : a buzzword 

  5. 1) as curable
    2) as eradicable
    3) as occasional
    4) as intermittent
    5) as chronic
    Answer – 5) 
    Explanation : as chronic

  6. 1) tightening of
    2) loosening for
    3) laxation in
    4) abatement on
    5) little of
    Answer – 1)
    Explanation : tightening of

  7. 1) go ahead
    2) ended that
    3) motivate which
    4) embark on
    5) enter on
    Answer – 2)
    Explanation : ended that

  8. 1) the figure
    2) small letter
    3) an uncial
    4) the alphabet
    5) a minuscule
    Answer – 1) 
    Explanation : the figure

  9. 1) rise on
    2) success at
    3) collapse in
    4) build-up in
    5) increase on
    Answer – 3)
    Explanation : collapse in

  10. 1) criticism under
    2) appreciation over
    3) disparagement in
    4) disregard upon
    5) neglect in
    Answer – 2)
    Explanation : appreciation over