Passage Reading and English Comprehension

Behavioural economics and its sister field, behavioural finance, studies the effect of social, cognitive and emotional decisions of individuals and institutions. This field typically focuses on the bounds of rationality by economic agents. Behavioural models typically integrate insights from psychology with neo-classical economic theory and therefore cover a range of concepts, methods and paradigms. There are three prevalent themes in behavioural finance: Heuristics, Framing and Market Inefficiencies.

1388. Which one of the following best replaces "integrate" while maintaining the meaning of the sentence?

	(a) Incorporate
	(b) Amalgamated
	(c) Provides
	(d) Absorbs

1389. Which one of the following best replaces "prevalent" while maintaining the meaning of the sentence?

	(a) Overriding
	(b) Rampant
	(c) Leading
	(d) Predominant

TOTAL

Detailed Solution

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