Directions ( 1- 10): In the following passage there are words highlighted in bold, each of which has been numbered. These numbers are printed below the passage and against each, four words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case. If the word highlighted in bold does not require any replacement, choose (E) as your answer.
Multiplex companies—PVR Ltd and Inox Leisure Ltd—are preparing
(1) to benefit from the implementation of the goods and services tax (GST). That’s mainly on account of the input tax credit on fixed costs that these firms bear such as rent, common area report
(2) and so on. Ratings agency Icra Ltd assess
(3) that input tax credit will be available on 33% of the total operating expenses.
The GST rate has been fixed at 28% for tickets costing
(4) over Rs100 and 18% for those under Rs100. Tickets below Rs100 account for a small portion of overall ticket sales of PVR and Inox. This is unfortunate
(5) considering that the entertainment tax is in a similar range (of 28%) for these firms. As analysts from Dolat Capital Market Pvt. Ltd point out, entertainment tax for PVR and Inox based on their net box-office portfolio
(6) is 29% and 27%, respectively, as on fiscal year 2017 (FY17) and thus a 28% GST rate would not have any impact for the multiplex chains. Note that the industry
(7) was expecting 18% rate across the board.
But the major challenge
(8) would be for the food and beverages (F&B) segment, which will attract a rate of 12-40% under GST depending on the method
(9) of the F&B items. Icra points out that a majority of F&B items are expected to be falling within the 18% category. “This is likely to variously
(10) impact the multiplex industry as currently, the tax is around 11% of the net F&B segment revenues,” it says.
1. Select option for answer-
A. nearing
B. progressing
C. expected
D. Only C
E. No correction required
Answer: Option (C)
Explanation: “expected to benefit” is the correct phrase to make the sentence meaningful.
2. Select option for answer-
A. maintenance
B. resources
C. livelihood
D. provision
E. No correction required
Answer: Option (A)
Explanation: The word “maintenance” fits into the sentence more appropriately.
3. Select option for answer-
A. rate
B. survey
C. consider
D. estimates
E. No correction required
Answer: Option (D)
Explanation: “estimates” is the correct word that makes the sentence both meaningful and grammatically correct. Also, the verb used in this case should be singular as the subject is singular.
4. Select option for answer-
A. yielded
B. bearing
C. allocating
D. valued
E. No correction required
Answer: Option (E)
Explanation: “costing” is the correct usage as it means estimating the price of.
5. Select option for answer-
A. insufficient
B. useless
C. disappointing
D. offensive
E. No correction required
Answer: Option (C)
Explanation: “disappointing” is the word which suits the most to the sentence structure as it means failing to fulfill someone’s hopes or expectations.
6. Select option for answer-
A. numbers
B. collection
C. inflation
D. piling
E. No correction required
Answer: Option (B)
Explanation: “collection” is the correct usage as it means the action or process of collecting someone or something.
7. Select option for answer-
A. deal
B. movement
C. engrossment
D. affair
E. No correction required
Answer: Option (E)
Explanation: “industry” is the correct usage as the sentence talks about the multiplex companies considering as one.
8. Select option for answer-
A. hit
B. effort
C. demand
D. triumph
E. No correction required
Answer: Option (A)
Explanation: “hit” is the correct usage as it means an instance of striking or being struck.
9. Select option for answer-
A. distribution
B. sequence
C. system
D. composition
E. No correction required
Answer: Option (D)
Explanation: “composition” is the correct usage as it means a thing composed of various elements.
10. Select option for answer-
A. individually
B. negatively
C. distinctively
D. diversely
E. No correction required
Answer: Option (B)
Explanation: “negatively” is the correct usage as it means in a way that is not desirable or optimistic.