Q:

Directions (53): Which of the following phrases given below each sentence should replace the phrase printed in bold letters to make the sentence meaningfully correct. Choose the best option among the five given alternatives that reflect the correct use of phrase in the context of the grammatically correct sentence. If the sentence is correct as it is, mark “No Error” as your answer.
 Even if we grant though outlandish assertion that India has a job bounty but wages are not rising, this points to a labour market failure.

• 1
  if we grant the outlandish assertion
• 2
  if we granted though outlandish assertion
• 3
  if we granted the outlandish assertion
• 4
  if we were grant the outlandish assertion
• 5
  No error