Directions : In the following passage, some of the words have been left out and replaced with blanks represented by letters. First, read the passage and try to understand what it is about. Then fill in the blanks as per the questions given.
To have a _____(A)______ plan is the first step in planning one's finances. We have often seen people not planning for their liquidity requirements. This happens because most of the investments do not take into _____(B)_____ one's own requirement, and it is done in a sporadic manner. We suggest that an individual maintain funds ____(C)____ of cash flow requirements for at least six months in investments that are easily accessible in a day's notice and also ____(D)____ better returns compared to a savings bank account. We suggest people could look at fixed deposit or liquid funds of mutual funds after taking into consideration the tax _____(E)_____ for both.
Which of the following will fill blank (A)?
1.Initial
2.Secondly
3.Contingency
4.Definitely
5.Distinct
Correct Answer : 3
Solution :
The blank needs a noun; hence, B and D can be eliminated as they are adverbs. A cannot be correct as the article used prior to the blank is 'a' and not 'an' Since planning is already talked about in the later part of the sentence respective to the blank, distinct does not provide a concrete context. And hence, contingency, i.e., a situational plan will be the answer.
Hence, the correct answer is option (c).
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