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Welcome to Online English Section with explanation in Affairs Cloud.com. Here we are creating question sample in Cloze test, which is BASED ON IBPS PO/CLERK/LIC AAO/RRB & SSC CGL EXAM and other competitive exams !!!
Developing countries are facing major obstacles – many of which they have little to no control over – to achieving sustained high growth. Beyond the headwinds generated by slow advanced-economy growth and (1) post-crisis monetary and financial conditions, there are the disruptive impacts of digital technology, which are set to erode developing economies’ (2) advantage in labor-intensive manufacturing activities. With the reversal of these trends out of the question, (3) is the only option.
Robotics has already made significant inroads in electronics (4) , with sewing trades, traditionally many countries’ first entry point to the global trading system, likely to come next. As this trend continues, the (5) to build supply chains based on the location of relatively immobile and cost-effective labor will wane, with production moving closer to the final market. Adidas, for example, is already building a factory in Germany, where robots will produce high-end athletic shoes, and is planning a second one in the United States.
Given all of this, developing countries need to act now to (6) their growth strategies. A sensible framework for doing so must account for several key factors.
First, the problems in advanced countries – from slow economic growth to political uncertainty – are likely to persist, reducing potential growth everywhere for an extended period. In this context, developing countries must not (7) to the temptation to try to boost demand through unsustainable means, such as the accumulation of excess debt.
Instead, developing countries, particularly those in the earlier stages of economic development, must find new external markets for their goods, by maximizing trade opportunities with their (8) in the developing world, many of which have considerable purchasing power. While such demand will surely not (9) the drop in advanced-country demand completely, it can help to soften the blow.
Second, investment, both public and private, remains a powerful growth engine. In economies with excess productive capacity, targeted investment can (10) a double benefit, generating short-run demand and boosting growth and productivity thereafter. Given this, shortfalls in investment that promises high social and private returns must be reduced, and even eliminated.
- 1) standard
2) straight
3) abnormal
4) customary
5) normalAnswer – 3)
Explanation : abnormal - 1) distant
2) divergent
3) weird
4) comparative
5) variableAnswer – 4)
Explanation : comparative - 1) decedent
2) amend
3) consistent
4) unsuitability
5) adaptationAnswer – 5)
Explanation : adaptation – the action or process of adapting or being adapted. - 1) amendment
2) assembly
3) dispersal
4) stoic
5) scatteringAnswer – 2)
Explanation : assembly - 1) inessential
2) voluntary
3) retained
4) volatile
5) imperativeAnswer – 5)
Explanation : imperative – of vital importance; crucial. - 1) adapt
2) aligned
3) ruses
4) unfit
5) disturbAnswer – 1)
Explanation : adapt – make (something) suitable for a new use or purpose; modify. - 1) win
2) succumb
3) conquer
4) create
5) overcomeAnswer – 2)
Explanation : succumb – fail to resist pressure, temptation, or some other negative force. - 1) counterparts
2) fronting
3) hostile
4) inimical
5) inconsistentAnswer – 1)
Explanation : counterparts – a person or thing that corresponds to or has the same function as another person or thing in a different place or situation. - 1) overbalance
2) fluctuate
3) fiend
4) offset
5) disproportionAnswer – 4)
Explanation : offset – a person or thing that corresponds to or has the same function as another person or thing in a different place or situation. - 1) withhold
2) privilege
3) privily
4) yield
5) disallowAnswer – 4)
Explanation : yield – produce or provide (a natural, agricultural, or industrial product).
