Understanding Word Analogies

Word analogies require us to identify the relationship between the first pair of words and then apply that same relationship to the third word to find the fourth word from the given options. The relationship must be based on the meaning of the words, not on their structure like the number of letters or vowels.

Analysing the Given Analogy: Panel : Jurors

The first pair of words is "Panel : Jurors". Let's think about the relationship between these two words. A "Panel" is often used to refer to a group of experts or, specifically in a legal context, a group of "Jurors". So, a panel is a collection or group of jurors.

The relationship established is: Collection/Group : Members/Items.

• A Panel is a collection of Jurors.

Applying the Relationship to Portfolio : ?

Now we need to apply the same relationship to the third word, "Portfolio". A "Portfolio" is typically a collection of assets, especially financial assets. We need to find which of the options represents the items or members that are collected in a portfolio.

Examining the Options

Let's look at the given options and see which one fits the relationship 'Portfolio : Collection of X'.

• Trustees: Trustees manage assets, which might be held in a portfolio, but a portfolio is not a collection of trustees themselves.
• Securities: A financial portfolio is commonly understood as a collection of financial assets like stocks, bonds, and other "Securities". This fits the pattern perfectly – a portfolio is a collection of Securities.
• Administration: Administration is a process or department involved in managing things, including possibly a portfolio, but a portfolio is not made up of administration.
• Companies: A portfolio might contain shares of companies (which are a type of security), but "Securities" is a broader and more accurate term for the diverse items typically held in a portfolio (stocks, bonds, mutual funds, etc.). Securities is the items collected.

Based on the analysis, "Securities" is the word that represents the items collected in a "Portfolio", fitting the established relationship from the first pair.

Conclusion

The relationship between "Panel" and "Jurors" is that a Panel is a collection of Jurors. Applying this relationship to "Portfolio", we look for what a Portfolio is a collection of. A Portfolio is a collection of Securities.

Thus, the option that completes the analogy is Securities.

Revision Table: Key Concepts

Additional Information: Types of Analogies

Analogies can demonstrate various types of relationships between words. Understanding these common relationships helps in solving word analogy questions. Some examples include:

• Part-to-Whole: Finger : Hand (A finger is part of a hand)
• Cause and Effect: Rain : Flood (Rain can cause a flood)
• Synonyms: Happy : Joyful (Words with similar meanings)
• Antonyms: Hot : Cold (Words with opposite meanings)
• Worker and Tool: Carpenter : Hammer (A carpenter uses a hammer)
• Action and Object: Read : Book (You read a book)
• Category and Item: Color : Red (Red is a type of color)
• Collection and Item: Panel : Jurors (A panel is a collection of jurors)

In this question, the relationship was Collection/Group and the Items/Members within that collection/group.