Directions (1-10): In the passage given below there are 5 blanks, each followed by a word given in bold. Even blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required”.
Fashion is one of the last decade’s rare economic success stories. Over the period, the industry (1) [grown] ( 5.5% annually, to now be worth an estimated $2.4 trillion. Yet, 2016 was one of the industry’s ( (2) [more tough] ( years. Terrorist attacks in France, the Brexit vote in the UK and the ( (3) [Elasticity] ( of the Chinese stock market have created shocks ( (4) [in] ( the global economy. At the same time, consumers have become more demanding, more discerning and less predictable in ( (5) [there] ( purchasing behaviour. Yet, this sluggish overall growth masks some big winners: affordable luxury, value, and athletic wear. ( (6) [as to] ( sales growth, the affordable luxury and value sectors outperformed all other segments by one to one and-a-half percentage points. This ( (7) [are] ( consistent with their compound annual growth rate over the last three years, which has been 9% for affordable luxury and 6% for value, the highest of any segment since 2013. Affordable luxury players benefited from consumers trading down from luxury, particularly among Chinese consumers. However, their profit margins are expected to decline, especially after 2016, because of a pricing-arbitrage disadvantage across geographies and ( (8) [changed] ( foreign exchange rates. The value segment continued to grow in 2016, particularly as a consequence of large global players ( (9) [increasing] ( geographically. With its clearly defined value ( (10) [suggestion] (, the value segment has been taking share from discount this year.
1). ??
Answer: B
2). ??
Answer: C
3). ??
Answer: B
4). ??
Answer: D
5). ??
Answer: C
6). ??
Answer: D
7). ??
Answer: A
8). ??
Answer: D
9). ??
Answer: C
10). ??
Answer: A
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