Comprehension Passage

A passage is given below with five blanks labelled (A)-(E). Below the passage, five options are given for each blank. Choose the word that fits each blank most appropriately in the context of the passage, and mark the corresponding answer.

In a socialist society, the government decides what goods are to be produced in ___(A)___ with the needs of society. It is assumed that the government knows what is good for the people of the country and so the desires of individual consumers are not given much importance. The government ___(B)___ how goods are to be produced and how they should be distributed. In principle, distribution under socialism is supposed to be based on what people need and not on what they can ___(C)___ to purchase. ___(D)___ under capitalism, for example, a socialist nation provides free health care to all its citizens. Strictly, a socialist society has no private property since everything is ___(E)___ by the state. In Cuba and China, for example, most of the economic activities are governed by socialistic principles.

Which of the following words would most appropriately fit in the blank (E)?

1
Auctioned 
2
Prohibited 
3
Sealed 
4
Concealed 
5
Owned 

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