CLOZE TEST for Competitive Exams- English Quiz Free online English Quiz - The major central banks’ ..(1)..negligent pursuit of positive but low inflation has become a dangerous ..(2)..delusion . It is dangerous because the policies needed to achieve the objective could have unwanted side effects; and it is a delusion because there is currently no good reason to be pursuing the objective in the first place. In the 1970s, when inflation in the advanced economies rose sharply, central banks rightly ..(3)..adhere it. The lesson central bankers took from that battle was that low inflation is a necessary condition for sustained growth. But, subtly and over time, this lesson has ..(4)..morphed into a belief that low inflation is also a sufficient condition for sustained growth. 1) breach 2) antagonization 3) vigilant 4) impulsive 5) No correction required. 2.1) discreet 2) sure fire 3) withdrawal 4) humble 5) No correction required. 3.1) attentive 2) i
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