Multiple choice

Turnover

Directions: Some words in the news item below have been highlighted. Select the best contextual meaning of the related words.

The prolonged recession in the automotive market is threatening to have a long-term implication on the automotive industry’s ambitious target of achieving a turnover of \$145 billion by 2016 under the Automotive Mission Plan.
Revising its sales target for FY-13 downwards to 1-3% from 9-11% earlier, the automotive industry body Society of Automobile Manufacturers Association (SIAM) on Wednesday said, that the target of \$145 billion may be missed by 20-25% at the current growth rate levels. “if this current trend continues, then we will miss the AMP target of accomplishing an annual turnover of USD 145 billion from auto and auto-component manufacturers by 2016,” said SIAM president S Sandilya.

  1. Turning of events

  2. Starting a new business

  3. Revenue generated in business

  4. Turning to the other side

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In business context, 'achieving a turnover of $145 billion' refers to the total revenue generated from sales. 'Revenue generated in business' is the correct meaning. 'Turning of events' and 'turning to the other side' are figurative misinterpretations. 'Starting a new business' is unrelated.

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