Question

Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. Choose the option corresponding to that part. If the sentence is correct, mark "No error". (a) If the central monetary authority would have (b) raised interest rates earlier in the fiscal year, (c) the hyperinflationary spiral that devastated (d) the local currency could have been easily contained. (e) No error.

Q: Answer-Read each sentence to find out whether there is any grammatical error in it. The error, if any, will...

This sentence contains a conditional Type 3 error unreal past situation. In a Type 3 conditional sentence, the if clause must be in the past perfect tense If subject had V3, and the main clause uses a modal perfect would havecould have V3. The phrase would have raised in the if clause is grammatically incorrect and must be changed to had raised.