Direction: In the question below, there are two statements. Each statement consists of two blanks. You have to choose the option which provides the correct set of words that fit both the blanks in both the statements appropriately and in the same order making them meaningful and grammatically correct.

Maintaining the status quo on tax rates also sends a strong signal to the ____________ that the government is committed to a long-term stable and predictable tax policy, despite the current fiscal _____________.

With institutional clients to worry about, the pros duly cut positions across the board while retail ____________ , who are free from such ____________, charged on.