Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
Globalisation is not a new (1)_______. Traders travelled vast distances in ancient times to buy commodities that were (2) ______and expensive for sale in their homelands. The Industrial Revolution brought (3)_________ in transportation and communication in the 19th century that eased trade across borders. The think tank, Peterson Institute for International Economics (PIIE), states globalisation (4)________after World War I and nations moved toward (5)________ as they launched import taxes to more closely guard their industries in the aftermath of the conflict. Select the most appropriate option to fill in the blank number 1.
Option 1: power
Option 2: variation
Option 3: design
Option 4: concept
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Correct Answer: concept
Solution : The correct choice is the fourth option.
In this context, the sentence discusses the historical aspects of globalisation, suggesting that it's not a new idea or concept. The word, c oncept refers to an abstract idea or a general notion that has existed over time. It fits well in the sentence to convey that the idea of globalisation is not recent but has historical roots.
The meanings of other options are as follows:
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Globalisation is not a new (1)_______. Traders travelled vast distances in
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