In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number. A knowledge economy is either economy of knowledge focused on the economy of the producing and management of knowledge or a knowledge-based economy. In the second meaning, more (1) _____ used, it is a phrase that refers to the use of (2) ______ to produce economic benefits. The (3) ______ was popularized by Peter Drucker in his book the Age of Discontinuity.
In this new economy, it is (4) _____ that the key to success is "knowledge". But the rules and (5) ______ that determine (6)_____ in the industrial economy of the 20th Century need rewriting in an interconnected (7) _____ where resources such as know-how are more (8) _____ than other economic resources. These rules need to be rewritten at the (9) _____ of firms and industries in terms of knowledge policy or knowledge-related policy. (10) ______, this means that business must be in a constant process of change and adaptation to the new economic realities.
Which of the following words should be filled at (4) as per the context of the passage from the given options?
evident
Understanding the Knowledge Economy Context
The question asks us to identify the most suitable word to fill in blank (4) within the provided passage about the knowledge economy. The passage describes a shift towards economies where knowledge is the primary driver of economic benefits.
Analyzing Blank (4)
The specific sentence containing blank (4) is: "In this new economy, it is (4) _____ that the key to success is 'knowledge'." We need to find a word that logically connects the idea of the 'new economy' with the statement that 'knowledge' is the key to success.
Evaluating the Options for Blank (4):
- Option 1: evident
The word 'evident' means clearly seen or understood; obvious. If we insert 'evident', the sentence reads: "In this new economy, it is evident that the key to success is 'knowledge'." This suggests that it is clearly apparent or obvious in the context of the knowledge economy that knowledge serves as the primary success factor. This fits the context well, presenting a clear characteristic of this economic model. - Option 2: elementary
'Elementary' means relating to the basic or fundamental principles. The sentence would be: "In this new economy, it is elementary that the key to success is 'knowledge'." This implies that the fact is basic, which doesn't quite capture the intended meaning of highlighting a defining feature or an obvious truth. - Option 3: essential
'Essential' means absolutely necessary or extremely important. The sentence would read: "In this new economy, it is essential that the key to success is 'knowledge'." While knowledge is indeed essential, the sentence structure suggests stating something that is plainly noticeable or understood as a core principle, rather than emphasizing its necessity. 'Evident' better conveys the sense of obviousness or clear manifestation within the new economic structure. - Option 4: mainly
'Mainly' means principally or for the most part. Inserting 'mainly' results in: "In this new economy, it is mainly that the key to success is 'knowledge'." This phrasing is grammatically awkward and doesn't convey a logical meaning in this context.
Selecting the Best Fit
Considering the context, the passage aims to explain the fundamental nature of the knowledge economy. The statement that 'knowledge' is the key to success is presented as a clear and observable characteristic of this economic system. Therefore, 'evident' serves as the most appropriate word, indicating that this fact is plainly visible or understood within the framework of the knowledge economy.
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Important Questions from Vocab and Grammar Based Questions
Select the most appropriate option that will fill in the blank number 2.
Select the most appropriate option that will fill in the blank number 3.
Select the most appropriate option that will fill in the blank number 4.
Select the most appropriate option that will fill in the blank number 5.
Select the most appropriate word to fill in blank no. 1.
