Directions: In  the following passage there are blanks, each of which has been numbered. against each number, five words are suggested, one of which fits the blank appropriately. find out the appropriate word in each case.

Lately, the media seems to have gone berserk in (___61___) everything that pertains to the New Economy . Behind the great bulk of the articles on the subject are two (___62___) assumption. First, that the New Economy businesses are likely to push Old Economy industries all the way into oblivion. Second, that (___63___) about the New Economy is far superior to that of the Old Economy. Both those emphatic assumptions could be (___64___) flawed. Physical products—the cornerstone of the Old Economy—are hardly likely to (___65___) out in importance even in the age of the Internet, After all, the consumption of physical goods is hardly going down. In everything—from steel automobiles (___66___) Is only going up. But above and beyond all this, the New Economy also needs Old Economy products to survive. You can sell goods on the Internet, ater all, only if (___67___) is producing those goods. Besides which, people still want all those Old Economy goods. As far as the second point is concerned, the one big weakness about the new Economy is that it is (___68___) more volatile than the Old Economy. The rate of evolution of products—the crux of the Old Economy—will (___69___) always be slower than the rate of the growth and proliferation on new ideas on any given subject. And hence, the Old Economy (based on products) will always be relatively more (___70___) than the New Economy (based largely on ideas).

Q1.

61.

(a) listening

(b) advocate

(c) ignoring

(d) adopting

(e) viewing

Q2.

62.

(a) bold

(b) emphasizing

(c) underlying

(d) overriding

(e) overlapping

Q3.

63.

(a) glitter

(b) everything

(c) each thing

(d) proceed

(e) highlight

Q4.

64.

(a) thinking

(b) deliberately

(c) casually

(d) carelessly

(e) seriously

Q5.

65.

(a) lose

(b) charm

(c) iron

(d) stand

(e) bear

Q6.

66.

(a)trend

(b) movement

(c) consumption

(d) cost

(e) production

Q7.

67.

(a) mass

(b) someone

(c) none

(d) person

(e) marketing

Q8.

68.

(a) obviously

(b) reportedly

(c) naturally

(d) intrinsically

(e) abysmally

Q9.

69.

(a) subjectively

(b) deliberately

(c) have

(d) accordingly

(e) necessarily

Q10.

70.

(a) stable

(b) dogmatic

(c) fragile

(d) volatile

(e) specific

ANSWERS :

            1 e       2 b       3 d       4 b       5 d       6 e       7 a       8 e       9 d       10 a