Direction: Each item in this section consists of a sentence with an underlined word/words followed by four words. Select the option that is similar in meaning to the underlined word/words and mark your response in your Answer Sheet accordingly. The company was liquidated within five years.
closed down
Understanding the Meaning of 'Liquidated' in Business
The question asks us to find a word or phrase that is similar in meaning to the underlined word "liquidated" as used in the sentence: "The company was liquidated within five years."
In the context of a company, being liquidated refers to the process where a company is brought to an end. Its assets are sold off, and the proceeds are used to pay off debts and distribute any remaining funds to shareholders. This process usually happens when a company is unable to pay its debts or for other financial or legal reasons.
Analyzing the Options for 'Liquidated' Synonym
Let's look at the given options to find the one that best matches the meaning of 'liquidated' for a company:
- bankrupt: Bankruptcy is a legal status where an individual or organization is declared unable to repay their debts. While liquidation often follows bankruptcy, bankruptcy is the state of being unable to pay debts, and liquidation is the process of winding up the company and selling assets. They are closely related but not direct synonyms for the process of ending the company.
- closed down: When a company is liquidated, it stops operating and its business activities cease. The assets are sold, and the company essentially shuts its doors permanently. This aligns very closely with the meaning of being closed down.
- flourishing: Flourishing means thriving or growing successfully. This is the opposite of being liquidated, which implies the end of the company.
- privatised: Privatisation means transferring ownership of a company or service from the public sector (government) to the private sector. This is a change in ownership structure and has nothing to do with winding up the company's operations or being liquidated.
Identifying the Closest Meaning to 'Liquidated'
Based on the analysis, the phrase that is most similar in meaning to a company being "liquidated" is "closed down". Liquidation is the formal process that leads to the company being permanently closed.
Revision Table: Understanding Business Terms
| Term | Meaning in Business Context | Relation to 'Liquidated' |
|---|---|---|
| Liquidated | Process of winding up a company's affairs, selling assets, and paying debts before closing it down. | The term in the question. |
| Bankrupt | State of being unable to pay debts; a legal declaration. | Often precedes or accompanies liquidation but is the state, not the winding-up process itself. |
| Closed down | Permanently ceasing business operations. | The outcome of liquidation; a close synonym in this context. |
| Flourishing | Thriving; operating successfully. | Opposite of being liquidated. |
| Privatised | Transferring ownership from public to private sector. | Unrelated to the process of winding up or closing down. |
Additional Information: Company Liquidation Process
When a company is liquidated, it typically involves the following steps:
- Appointment of a liquidator (usually an insolvency practitioner).
- Gathering and selling the company's assets.
- Using the funds raised from selling assets to pay creditors in a specific order of priority (secured creditors first, then preferential creditors, unsecured creditors, etc.).
- Distributing any remaining funds to shareholders.
- Deregistering the company, which means it ceases to legally exist.
This entire process results in the company being permanently closed down.
Important Questions from Synonyms or Antonyms
Directions: Each item in this section consists of a sentence with an underlined word followed by four options, (a), (b), (c) and (d). Select the option that is opposite in meaning to the underlined word and mark your response accordingly.
He had the audacity to blame him.
Directions: Each item in this section consists of a sentence with an underlined word followed by four options, (a), (b), (c) and (d). Select the option that is opposite in meaning to the underlined word and mark your response accordingly.
There is exponential growth in the development of the scientific researches in the recent few decades.
Directions : Item in this section consists of a sentence with an underlined word followed by four words/group of words (a), (b), (c) and (d). Select the option that is nearest in meaning to the underlined word and mark your response in the Answer Sheet accordingly.
The itinerary of the group’s visit to the hills was given to everyone.
Directions : Item in this section consists of a sentence with an underlined word followed by four words/group of words (a), (b), (c) and (d). Select the option that is nearest in meaning to the underlined word and mark your response in the Answer Sheet accordingly.
All mortal elements are impermanent.
Directions : Item in this section consists of a sentence with an underlined word followed by four words (a), (b), (c) and (d). Select the option that is opposite in meaning to the underlined word and mark your response in the Answer Sheet accordingly.
The novel depicts the hapless status of certain sections of society.
