Multiple choice

Which of the following could replace 'turnover' as used in the passage?

Directions: Read the following passage carefully and select the most suitable option according to the corresponding number in the passage.

The prolonged slowdown 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 trend continues, then we will miss the AMP target of achieving an annual turnover of USD 145 billion from auto and auto-component manufacturers by 2016,” said SIAM president S Sandilya.

  1. change of events

  2. starting a new business

  3. income generated in business

  4. turning to the other side

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

In the context of 'turnover of $145 billion', the word refers to total business revenue or income generated. 'Income generated in business' (Option C) is the correct meaning of turnover in this financial context. 'Change of events' is unrelated to revenue, 'starting a new business' misinterprets turnover completely, and 'turning to the other side' is a literal interpretation that makes no business sense.

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