Select the most appropriate option to fill in blank number 5.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2, i.e. significant.
The full sentence reads:
“When India first began its liberalisation and globalisation process in 1991, it was a (5) ______ step for the country.”
This refers to a major turning point—a foundational change in India’s economic direction. The word 'significant' precisely captures that meaning: a step that had wide-reaching, transformative effects on the nation.
After the crisis of 1991, India adopted the LPG (Liberalisation, Privatisation, Globalisation) reforms, which were widely described as a transformative or pivotal moment in economic history, ending decades of regulation and setting the country on a path of rapid growth.
These reforms marked a shift from a inward-looking, controlled economy to a globally integrated, market-driven one—a change of fundamental magnitude.
Thus, “significant” succinctly conveys that this 1991 policy shift was far more than just a step—it was a watershed moment for India’s economy.
Other options:
abducted - Implies kidnapping—not relevant at all to policymaking or economics.
emerged - Means “came into being”; here we need an adjective describing the step, not a verb.
engrossed - Means absorbed or occupied interest—completely unrelated to the context.
None of these fit the intended meaning of a major national policy milestone.