2010/2011 UNILAG English Post-UTME

Read the passage carefully and answer the questions that follow.

 The banking sector consolidation, which ended in December 2005, came with the realization on that those who understood the market merely plunged into it, notched premium stocks, and left the directors of those firms to grapple with the challenges of a hostile business environment. Many investors who, hitherto, had staked their funds on high-risk projects, which offers little or no profit, therefore, found solace in their discovery of the stock market as a potential cash cow. With the continuous fall in the prices of stocks in the past month, however, many investors, particularly the new entrants, are beginning to lament the loss of the huge sum of money that could have been invested in better yielding ventures.  This suggests a loss of confidence. Investing in the Nigerian capital market, too many, had been too good to be true until sordid facts started to unfold in February, about the state of certain companies that had squeezed funds out of unsuspecting investors, especially via public offerings. What sparked off the fears was the announcement by the Securities and Exchange Commission, that it was investigating some lending companies to ascertain the charge of price manipulation suspected to be targeted at ripping off investors. Nevertheless, this was an eye-opener for investors,  who, many times, blindly rush into the acquisition of shares mainly to boost their ego, with neither a thorough research, nor professional advice.

Investing  to many had been too good to be true implies

Read the passage carefully and answer the questions that follow.

 The banking sector consolidation, which ended in December 2005, came with the realization on that those who understood the market merely plunged into it, notched premium stocks, and left the directors of those firms to grapple with the challenges of a hostile business environment. Many investors who, hitherto, had staked their funds on high-risk projects, which offers little or no profit, therefore, found solace in their discovery of the stock market as a potential cash cow. With the continuous fall in the prices of stocks in the past month, however, many investors, particularly the new entrants, are beginning to lament the loss of the huge sum of money that could have been invested in better yielding ventures.  This suggests a loss of confidence. Investing in the Nigerian capital market, too many, had been too good to be true until sordid facts started to unfold in February, about the state of certain companies that had squeezed funds out of unsuspecting investors, especially via public offerings. What sparked off the fears was the announcement by the Securities and Exchange Commission, that it was investigating some lending companies to ascertain the charge of price manipulation suspected to be targeted at ripping off investors. Nevertheless, this was an eye-opener for investors,  who, many times, blindly rush into the acquisition of shares mainly to boost their ego, with neither a thorough research, nor professional advice.

According to the passage, the prevailing mood of new investors in the past month is one of

Read the passage carefully and answer the questions that follow.

 The banking sector consolidation, which ended in December 2005, came with the realization on that those who understood the market merely plunged into it, notched premium stocks, and left the directors of those firms to grapple with the challenges of a hostile business environment. Many investors who, hitherto, had staked their funds on high-risk projects, which offers little or no profit, therefore, found solace in their discovery of the stock market as a potential cash cow. With the continuous fall in the prices of stocks in the past month, however, many investors, particularly the new entrants, are beginning to lament the loss of the huge sum of money that could have been invested in better yielding ventures.  This suggests a loss of confidence. Investing in the Nigerian capital market, too many, had been too good to be true until sordid facts started to unfold in February, about the state of certain companies that had squeezed funds out of unsuspecting investors, especially via public offerings. What sparked off the fears was the announcement by the Securities and Exchange Commission, that it was investigating some lending companies to ascertain the charge of price manipulation suspected to be targeted at ripping off investors. Nevertheless, this was an eye-opener for investors,  who, many times, blindly rush into the acquisition of shares mainly to boost their ego, with neither a thorough research, nor professional advice.

This was an eye-opener for investors means that

Choose the option nearest in meaning to the bold and underlined word(s) or phrase

He took exception to Ajuwa’s remark.

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The new employee is so humble and friendly that he will soon make himself popular

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The manager often quarrels with his staff because he goes around with a chip on his shoulder

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Telling Ali to break his habit of coming late to work is like knocking your head against a brick wall.

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Owing to the constant harassment of the populace by armed robbers, al night guards have been instructed to shoot every moving thing.

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My wife and I were to celebrate our silver wedding anniversary last Sunday Unfortunately on that _______day

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The first graduation ceremony of the university was attended by men from all ______________of life