Directions : In the following passage some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.

Investors have 6 out of love with emerging markets. Since the start of last year emerging-market stocks have 7 their rich-world peers. Currencies are falling. Worst-hit is the Russian rouble, which has fallen by 30% against the dollar this year. The currencies of other 8 emerging markets, such as Brazil, Turkey and South Africa, have also weakened. For such economies growth is harder to 9 by. The IMF recently cut its forecasts for emerging markets by more than for rich countries. But India is a 10 exception to the general pessimism. Its stock market has touched new highs. The rupee is stable. And the IMF 11 up its 2014 growth forecast for India to 5.8%. That figure is still quite low: growth rates of 8-9% have been more typical. But in comparison with others it is 12 a boom. Why is India doing better than most emerging markets?

In part optimism about India 13 to its newish government. In May Narendra Modi’s Bharatiya Janata Party (BJP) won a 14 victory in elections on a pro-growth platform. Since then the BJP has strengthened its position in some key states. So far reform has been piecemeal. Procedures for government approvals have been streamlined. The powers of labour inspectors have been curbed. Civil servants now work harder. That has been enough to sustain hopes of further and bigger reforms. Yet 15 of the continued enthusiasm about India is down to luck.

Q:

Fill at 15.

• 1
  some
• 2
  working
• 3
  refreshing
• 4
  much
• 5
  working