Question
The reported move by capital markets regulator
Securities and Exchange Board of India (Sebi) to summarily(1) / restrict investment in equity derivatives(2)/ by individual investors simply on the basis of income is paternelist(3)/ , myopic and worse.No Error (4) . In each question below three words which are numbered (1), (2), and (3) have been printed in bold, of which one word may be wrongly spelled or inappropriate in the context of the sentence. The number of that word is the answer.If you are unable to spot an error,mark (4) as your answer.Solution
The word is incorrectly spelt.Replace paternelist with paternalist. Paternalism - a system in which someone in authority advises and helps people but also controls them by not letting them make their own decisions and choices.
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