Directions: In the following questions, some part of the sentence is underlined. Which of the options given below the sentence should replace the part underlined to make the sentence grammatically correct? If the sentence is correct as it is given then choose option E ‘No Correction required’ as the answer. All banks whose shares are listed with stock exchanges are required to publish their unaudited quar

Step-by-step solution

In banking, a company's pro forma balance or earnings are their expected balance or earnings. The term pro forma (Latin for "as a matter of form" or "for the sake of form") is most often used to describe a practice or document that is provided as a courtesy and/or satisfies minimum requirements, conforms to a norm or doctrine, tends to be performed perfunctorily and/or is considered a formality. Option A hence is the most appropriate choice here. Hence, the option A is correct.