The Managing Director of the company declared that he is broke and there is a need to seek support from the government.
- (a)bankrupt
- (b)rich
- (c)making profit
- (d)having liabilities
Correct — A, bankrupt. To be 'broke' is an informal way of saying one has run out of money and cannot meet one's debts — that is, 'bankrupt' — and the plea to 'seek support from the government' confirms this ruined financial state.
- (b)rich — 'Rich' means having plenty of money — the direct opposite of being broke.
- (c)making profit — A firm 'making profit' is earning money; that contradicts the need to seek government support.
- (d)having liabilities — 'Having liabilities' merely means owing money; a solvent company can carry liabilities, so it does not capture being penniless like 'broke'.
This is a synonym item — pick the word nearest in meaning to 'broke' (out of money, unable to pay); the closest match is 'bankrupt'.
No directly related past PYQ was found.
- practice — not a real PYQ
Select the word nearest in meaning to 'insolvent'.
- (a)wealthy
- (b)penniless
- (c)thrifty
- (d)generous
Answer(b) penniless — 'insolvent' means unable to pay debts, i.e., without money.
- practice — not a real PYQ
Select the word nearest in meaning to 'destitute'.
- (a)affluent
- (b)poverty-stricken
- (c)comfortable
- (d)secure
Answer(b) poverty-stricken — 'destitute' means extremely poor and lacking the means to live.