In each of the questions given below few words are given in bold. These words may or may not be in their correct position. The sentence is then followed by options with the correct combination of words that should replace each other in order to make the sentence grammatically and contextually correct. Find the correct combination of the words that should be interchanged:

The National Financial Reporting Authority ensures the **quality (A)** of financial **regulating (B)** by **reporting (C)** and overseeing audit practices, financial **(D)** transparency and accountability in **promoting (E)** statements.

Question

In each of the questions given below few words are given in bold. These words may or may not be in their correct position. The sentence is then followed by options with the correct combination of words that should replace each other in order to make the sentence grammatically and contextually correct. Find the correct combination of the words that should be interchanged:

The National Financial Reporting Authority ensures the **quality (A)** of financial **regulating (B)** by **reporting (C)** and overseeing audit practices, financial **(D)** transparency and accountability in **promoting (E)** statements.

Accepted Answer

**Solution:**

1. Analyze the sentence and the bold words:
   - (A) quality
   - (B) regulating
   - (C) reporting
   - (D) (missing word, but contextually related to financial transparency)
   - (E) promoting

2. Check the sentence for grammatical and contextual correctness:
   - "The National Financial Reporting Authority ensures the **quality** of financial **regulating** by **reporting** and overseeing audit practices, financial **(D)** transparency and accountability in **promoting** statements."

3. Identify the incorrect usage:
   - "financial regulating" is incorrect; it should be "financial reporting".
   - "reporting" and "regulating" need to be interchanged.
   - "financial (D) transparency" and "promoting (E) statements" seem misplaced.

4. Interchange B and C:
   - "financial reporting" is correct.
   - "regulating" fits better with "statements" or "practices".

5. Interchange D and E:
   - "financial promoting transparency" is incorrect.
   - "financial transparency and accountability in regulating statements" is incorrect.
   - Correct phrase: "financial transparency and accountability in promoting statements" is awkward.

Actually, the phrase should be "financial transparency and accountability in reporting statements" or "promoting transparency and accountability".

6. After interchanging B-C and D-E:
   - "The National Financial Reporting Authority ensures the quality of financial reporting by regulating and overseeing audit practices, financial promoting transparency and accountability in statements."

7. The phrase "financial promoting transparency" is still awkward. But since the question focuses on interchanging the given words, the best fit is option (a) B-C & D-E.

**Answer:** (a) B-C & D-E

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