RBI Grade B 11 Oct 2009

In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, ve words/phrases are suggested, one of which ts the blank appropriately. Find out the appropriate word/ phrase in each case.

The barter system for getting goods and services (1) back many centuries. In most cultures the barter system was used before money was (2). People who had specific items or services would (3) these with others for the things they needed. Good negotiation was the (4) to making good trades. While the barter system (5) based on basic needs, today the barter system continues to thrive. The barter system transcends the monetary system. The barter system is making a (6) today. What makes the barter system even better today than ever before is that it can now be done globally. In the past bartering was simply done with those that were located nearby. Today the barter system can be used in a much more (7) way than ever before yet it carries with it the same basic motivation - the need for something that you don't have and the excess of something that someone else wants.

The barter system is enjoying (8) interest today. Bartering allows you to get the things you need without having to (9) additional money. Instead you can use the things you no longer need or want to get the things you do need. There are swap markets and on-line auctions that (10) you to sell or trade your items or to purchase items that you want. Negotiation takes place just like it did hundreds of years ago.