| Direction: In the following passage, there are blanks each of which has been numbered. For each blank Five words have been suggested, one of which fits the blank appropriately. Find out the appropriate word in each case. |
| Sebi's decision to tighten rules for participatory notes is acceptable in the larger objective of maintaining transparency on the (151) of those investing in the markets. Sure, increased disclosure requirements, bringing P-Note holders under the (152) of Indian know-your-customer and anti-money- laundering rules and (153) the transfer of P-Notes among foreign investors will raise transaction costs, and complicate compliance for issuers. |
| Investors, whose only interest is to avoid the (154) of registering themselves as foreign portfolio investors, rather than to hide their identity, should not find the new norms too (155). The rest can, well, lump it. |
A) severe
B) demanding
C) objective
D) onerous
E) acceptable
Correct Answer: D
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