IPMAT Indore 2020
VA
Vocabulary
Hard
A collective investment fund (CIF), also known as a collective investment trust (CIT), is a group of ___________ accounts held by a bank or trust company. The financial institution ___________ assets from individuals and organizations to ___________ a single larger, diversified portfolio.
A collective investment fund (CIF), also known as a collective investment trust (CIT), is a group of ___________ accounts held by a bank or trust company. The financial institution ___________ assets from individuals and organizations to ___________ a single larger, diversified portfolio.
Correct Option: 4
- diverse, discounts, conceive:
- Diverse: Showing a great deal of variety. Fits well in the context.
- Discounts: Reduces the price of. Does not fit in the context of managing assets.
- Conceive: Form or devise a plan. Does not fit well with the context of creating a portfolio.
- different, collected, simulate:
- Different: Not the same. Fits well in the context.
- Collected: Gathered together. Fits well in the context.
- Simulate: Imitate or reproduce. Does not fit well with the context of creating a portfolio.
- financial, covered, synthesize:
- Financial: Relating to finance. Fits well in the context.
- Covered: Included or dealt with. Does not fit well in the context of managing assets.
- Synthesize: Combine into a coherent whole. Fits well, but not as strong as "develop."
- pooled, groups, develop:
- Pooled: Combined for a common purpose. Fits perfectly in the context.
- Groups: Assembles. Fits well, but "assets" is implied as the direct object in the sentence.
- Develop: Create or build. Fits perfectly in the context.
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