cloze test section 3 Detailed Explanation And More Example

Direction:

The following questions, you have several passages where some of the words have been left out. Read the passages carefully and choose the correct answer to each blanks with its particular number, out of the five alternatives.

PASSAGE

In the decade since reforms were introduced, India has achieved substantial success in the sphere of macroeconomics. Overall growth rate has been ____(1)____ except for the last couple of years. It bears pointing out that we have now come to view a 6 per cent ____(2)____ rate as a slowdown! This is a far cry from pre-reforms rate of growth of 3 per cent. The price level has by and large remained ____(3)____ both as measured by the WPI and CPI. India's ____(4)____ of payments position has been comfortable. Exports, while ____(5)____ some sluggishness this fiscal, have been growing. Imports, in spite of ____(6)____ liberalisation, have not gone out of hand. This is amply reflected in the comfortable current account deficits (CAD); the CAD-to-GDP ratio has remained way below the crisis ____(7)____ that it had achieved in 1991. The rupee has weathered external turbulence rather well even when East Asia was experiencing ____(8)____ difficulties. However, the one unambiguous Achilles' heel of the reforms has been the ____(9)____ state of government finances. One of the two crises that India faced in 1990-91 was the unsustainable imbalance between government revenues and ____(10)____.