CAT Verbal Ability Questions | CAT Fill in the Blanks questions

CAT/2003

Question . 21

Directions for Question : In the following question, a part / two of a sentence has been left blank. You are to select from among the four options given below the question, the one which would best fill the blanks. In case of more than one blanks, the first word in the pair, given in the choices, should fill the first gap.

The British retailer, M&S, today formally ___________ defeat in its attempt to ___________ King’s, its US subsidiary, since no potential purchasers were ready to cough up the necessary cash. 

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Explanatory Answer

Method of solving this CAT Verbal Ability Question from Fill in the Blanks question

Option C is correct.  One concedes defeat. In this case M & S conceded defeat in attempt to offload kings.