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# Cloze Test Quiz For Upcoming Exams Answer

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Solution :-

ans 1

Sol: Option (2)

Explanation: The passage is about IPO from various insurance companies and they are issued at this time because the market sentiment is upbeat and all want to tap that upbeat sentiment in the market.

ans 2

Sol: Option (2)

Explanation: The IPO by the insurance companies is going to hit the Indian market since it is the first time an insurance company is issuing shares for public issue. It is timed such because the maket sentiment is upbeat.

ans 3

Sol: Option (1)

Explanation: The insurance companies want to raise money through the route of initial public offering and that is why they are issuing shares for public issue for the first time in India.

ans 4

Sol: Option (3)

Explanation: As the IPO will hit the market on that specified date, ‘on’ is used since before a particular day, this is the right preposition to be used and that is why, option (3) is the right choice among the given options.

ans 5

Sol: Option (4)

Explanation: The IPO issued by the insurance company has a possibility of earning a certain sum and it is expected that the certain sum will be earned by that company from the public issue of shares. Hence, ‘expected’ is the right choice among the given choices.

ans 6

Sol: Option (4)

Explanation: The shares are offered through the route of initial public offering and that is why, general public can access those shares. That makes option (4) the right choice among the given options.

ans 7

Sol: Option (5)

Explanation: The passage talks about the history of the share market in the year 2016 and the same trend has been visible since the beginning of the year. Here, a point of time has been referred to and that is why, ‘since’ is the right word to be used in this context. This makes option (5) the right choice.

ans 8

Sol: Option (2)

Explanation: We have already seen that the passage is about issuing of new IPOs in the market and that is why, ‘floated’ is the right choice among the given options since that is the only word that means that IPO has been issued by a company in the market. That makes option (2) the right choice among the given options.

ans 9

Sol: Option (3)

Explanation: ‘Comprised’ means ‘consist of’ and in the given context it is the right choice since the public issue consisted of the certain number of shares mentioned in the passage and other options do not imply closest to the meaning implied in the given context.

ans 10

Sol: Option (1)

Explanation: The insurance sector has understood the importance of raising money from the market route and has found the courage to go public for the first time in 2016. This is a sign of maturity and confidence in the market shown by these companies. This makes option (1) the right choice among the given options.

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