Direction : Which of the following phrases (i), (ii), and (iii) given below each sentence should replace the phrase printed in bold letters to make the sentence grammatically correct? Choose the best option among the five given alternatives that reflect the correct use of phrase in the context of the grammatically correct sentence. If the sentence is correct as it is, mark (E) i.e., "No correction required" as the answer.

Q:

The Netherlands became a world power in the 17th century, thanks to enormous wealth generates by its East and West India Companies which propelled it to the forefront of scientific discovery and artistic endeavor.
i. enormous wealth generated by its East and West India Companies.
ii. enormous wealth being generated by its East and West Companies.
iii. enormous wealth had generated by its East and West Companies

• 1
  Only i
• 2
  Only ii
• 3
  Only iii
• 4
  Both i and ii
• 5
  No correction required