ENGLISH ASSIGNMENT
1/10
+ 1 , - 0.25

QUESTION 1.

Direction: In a passage given below there are 10 blanks, each followed by a word given in bold. Every blank has four alternative words given in options (1), (2), (3) and (4). You have to choose which word will best suit to the respective blank. Choose (5) as your answer if the word given in the bold after the blank is your answer i.e. "No change requires".

"As per the offer, __ (1) ___ (trustworthy) creditors are about to receive Rs. 39,400 crore as cash up front and also Rs. 2,500 crore cash into the company, which takes the total cash amount to Rs. 42,000 crore. Besides this, Arcelor has offered to infuse up to Rs. 8,000 crore later," said a person __ (2) __ (sophisticated) in negotiations.

A meeting of the committee of creditors, which started late on Monday at St Regis Hotel, ended in the wee hours of Tuesday as bankers, lawyers and representative of Arcelor Mittal finalised contours of the deal, which includes payments to unsecured creditors and full repayment to small __ (3) __ (alive) creditors with dues of up to Rs.1 crore. Workmen and employees are owed Rs. 18 crore and will also be paid

Secured lenders will get Rs. 42,000 crore on total debt of Rs. 49,000, a recovery of almost 86% for the steel asset - one of the highest among the 12 ragged to __ (4) __ (ruin) court by Reserve Bank of India's first list of defaulters. "This is the best deal we could have got. I have already given my consent for this plan. I think the decision b by lenders will be close to __ (5) __ ( congenial)

because it cannot get better than this," said a top executive of a lender who has an outstanding __ (6) __ ( code) of R . 1,500 crore to Essar Steel. He expects to get back his full principle and "a substantial part" of interest.

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  • Apowerful

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  • Bhelpful

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  • Csecured

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  • Drescued

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  • ENo change required

QUESTION PALLET

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  • Answered
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