1. Options, some investors groan, are available only for a handful of bluechips.

1. Such options serve as proxies that make good losses incurred on a well-diversified portfolio, the ups and downs of which are likely to mirror the index.
2. And even with a bluechip portfolio, buying assorted options for individual scrips is rather too expensive.
3. The solution for such investors is the index option, which offers a call or put on a composite bunch of stocks representing the entire index.
4. This works especially well for a diversified portfolio of stocks with ‘beta’ values close to 1.

6. So actual availability of options is not much of an issue.

1. When he was quite young, Le Corbusier became interested in art.

    A. At the age of nineteen, he travelled around Europe.

    B. But the buildings which impressed him most were those of the ancient Greeks in Athens.

    C. At the age of thirteen, he went to an art school.

    D. Everywhere he went he admired the magnificent buildings of the past.

6. After his visit to Athens Le Corbusier decided to become an architect.

1. The 80’s saw the TV industry growing at a fast rate of 30% per annum.

1. The years following the 1982 Asian games saw an exponential rise in growth, which coincided with the setting up of Doordarshan Kendras in many parts of the country.
2. The government adopted a policy of encouraging the sector, which resulted in many TV companies being established.
3. By 1989, there were over 200 TV companies with sales of 5.2 million sets.
4. However, due to the high import content (picture tubes) of TVs.

6. There was a huge outflow of foreign exchange.

1. The Cinema is a powerful and effective means of communication.

1. It can help to a great extent in enlisting public co-operation in the task of nation- building.
2. This most popular source of entertainment can be used as an instrument for creating public awakening.
3. Because of its audio visual character it has great mass appeal.
4. Such a powerful and effective means of communication can be gainfully utilised in a variety of ways.

6. The cinema can thus be used as an instrument to help people get rid of obscurantism and also to guide them along the right path.

1. I was in awe of Einstein and hesitated before approaching him about some ideas I had been working on.

    A. I entered his office and found him seated at a table, calculating and smoking his pipe.

    B. When I finally knocked on his door, a gentle voice said, ‘come’. 

    C. The single word was both a welcome and a question.

    D. Dressed in ill fitting clothes, his hair characteristically awry, he smiled a warm welcome.

6. His utter naturalness at once set me at ease.