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      Question

      From the options given below, select the option which

      states the correct combination of correct sentences. I. Rarely have policymakers encountered a situation in which inflationary pressures persist simultaneously with prolonged industrial stagnation and weakening consumer demand. II. The report detailing the findings of the independent commission were submitted to the regulatory authorities after several procedural revisions had been incorporated. III. Neither the financial regulators nor the central banking authority was willing to assume responsibility for the systemic oversight failures identified during the audit. IV. The organization’s long-term sustainability depends not only on technological innovation but also on whether institutional transparency is maintained consistently across operational levels.
      A Only I and IV are correct Correct Answer Incorrect Answer
      B Only III is correct Correct Answer Incorrect Answer
      C I, III and IV are correct Correct Answer Incorrect Answer
      D Only II and III are correct Correct Answer Incorrect Answer
      E All are correct Correct Answer Incorrect Answer

      Solution

      Sentence I is correct.
        The sentence correctly uses inversion after the negative adverb “Rarely” :
        Rarely have policymakers encountered... Sentence II is incorrect.
        The main subject is “The report” , which is singular. The phrase “detailing the findings...” only describes the report. Therefore, the verb should be “was” , not “were.”
        Correct usage: The report... was submitted... Sentence III is correct.
        In “Neither...nor” construction, the verb agrees with the nearer subject. Here, the nearer subject is “the central banking authority” , which is singular. Therefore, “was” is correct. Sentence IV is correct.
        The structure “not only...but also...” is correctly used, and the sentence is grammatically meaningful. Hence, option (c).

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