UNIT 1
Pg 4
(A) 1. face 2. float 3. merging 4. embark 5.facilitate
6. issued/engaged 7. wind/operate 8. run 9. formed
10. put 11. stripped 12. audited 13. budgeted
14.recapitalize 15. cut 16. put 17. overruning
18. written 19. breaking 20. convened/direct
Pg 5
(B) a.iii/iv b.iii/iv c.ii d.i e.vii f.viii g.ix h.vi i.v j.x k. xi
(C) 1. cut-throat business 2. false bottom 3. exit strategy
4. junk bond 5. cash flow 6. credit check 7. factory floor
8. double-dip recession 9. corporate ladder 10. credit crunch
11. cottage industry
(D) 1. conglomerate 2. consortium 3. delegation
4. ascertained 5. unsolicited
Pg 6
(E) 1. penetration 2. orientation 3. mitigating 4. predatory
5. meritocracy 6. protectionism/ideologically 7. punitive
8. nepotist 9. precedent/capitulation 10.unilaterally
11. viability 12. insolvent 13. receivership 14. requisition
15. repossessed
(F) i. capitulation ii. viability iii. unilateral(ly)
(G) 1. remuneration 2. mogul 3. loophole 4. indemnify
5. mandate 6. margin 7. inventory 8. purveyor 9. boycott
10. nominal 11. mark-up 12. tranche 13. yield
Pg 7
(H) 1.learning 2.labour 3.hush 4.sleeping 5.pyramid
6.passing 7.nest 8.stamp 9.insider 10.gagging 11.majority
12.golden 13.inheritance 14.hyper 15.intangible
(I) a. viii b. i c. xi d. ix e. vi f. v g. x h. vii i. iii j. iv k. ii
1. Dole 2. magnate 3. Expenditure 4. leave of absence
5. bonanza 6. insolvent
UNIT 2
Pg 8
(A) a. xi b. i c. ix d. ii e. x f. viii g. vii h. v i. iv j. iii k. vi
l. xvi m. xiv n. xiii o. xii p. xv
(B) 1. conceded 2. reneged 3. captures 4. heckled 5. voted
6. convened 7. jumping 8. sent 9. represented 10. form
11. launched 12. amend 13. received 14. canvassing
15. fixed [resign] is not used
(C) 1. regained 2. lost 3. cast 4. ejected
Pg 9
(D) 1.withdrew 2.ratified 3.nominated 4.pursuing 5.run
6.held 7.suffered 8.question 9.spin 10.pledged 11.called
12. held 13. turned 14. shifted 15. defeated 16. extended
17. polarised 18. veto 19. adopting 20. rejected
(E) a. viii b. i c. v d. ii e. iv f. vi g. vii h. iii
(F) 1. cabinet reshuffle 2. front runner/dark horse 3. exit
poll/hung parliament 4. diplomatic immunity 5. landslide victory
Pg 10
(G) 1. gambit 2. catalyst 3. whistle-stop 4. swing 5. spin
6. old boys’ 7. lame 8. booth 9. apathy 10. unanimous
11. disaffected 12. gerrymandering 13. budget 14. bureaucratic
15. ovation 16. incumbent/rhetoric 17. bipartisan 18. partisan
19. Raucous 20. appetite
(H) 1.b 2.c 3.l 4.k 5.i 6.h 7.j 8.g 9.e 10.f 11.d 12.a
Pg 11
(I) a. xiii b. i c. viii d. vii e. ii f. iii g. vi h. v i. ix j. x
k. xii l. xi m. iv
(J) 1. financial ombudsman 2. public-private partnership
3. trade surplus 4. fiscal year 5. tertiary sector 6. national
debt 7. free trade 8. excise duty 9. attorney general
10. state aid 11. civil service 12. semi-state company
13. welfare state
(K) 1. extradition 2. international 3. disintegrate 4. consular
5. protective