Directions: In the following passage there are blanks,
each of which has been numbered. These numbers are printed below the passage and
against each five words have been suggested, one of which fills the blanks
appropriately. Find out the appropriate words in each case.
Amid rumours of the government planning a crackdown on stock
speculation, the Shanghai stock index 61 8.8 per cent of February 27th, its 62
one day drop in a decade. 63 usual for China’s stock markets, investors in New
York’s equity markets saw this and sent the Dow Jones industrial index down more
than 400 points. The drop in New York’s index in turn 64 fear in markets across
Asia the following day and suddenly stock indexes across the world 65. This
chain reaction plainly 66 the increasingly 67 place that China now occupies in
the minds of global investors. Its extraordinary economic run has been the key
reason for 68 demand for everything from copper to cars much to the 69 of
multinational and Chinese investors alike. But while investors are right about
China’s growing economic importance to the world they are still confused about
how to 70 a decline in Chinese stocks.