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In the following question, a sentence is given which is divided into a few parts. The sentence may or may not be grammatically or contextually correct. To make the sentence correct, interchange the positions of the phrases and mark the correct interchange as your answer. If no interchange is required, mark (e), i.e. "no interchange required" as your correct answer. Such as stress in balance sheets, (A) / deteriorating financial conditions of the group (B) / the agencies did not alter ratings despite (C) / lack of cash flows, inability to monetise assets (D)

1. A-C
2. No interchange required
3. A-D
4. A-D, B-C

Correct answer: No interchange required

Solution

The sentence is already grammatically and contextually correct. The phrase after 'despite' is followed by the reasons for not altering ratings, and the structure is coherent. Therefore, no interchange is needed.

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