In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.

Time is very precious and must not be wasted on petty matters that have (1)______ value in our lives. People keep money in safes but time (2)______ be saved in this way. Time can be saved and utilized only by being alert, (3)______ it very carefully and being conscious of its passage. People who made the right use of time by not wasting it on worldly (4)______ and spent it on understanding the true nature of life and its purpose have left us with a (5)______ collection of religious books and wise thoughts.