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Exam Date: Dec 15
Part 48
Word-of-the-Day
Auction
Pronunciation
/"O:kS@n/
Auction is both Countable and Uncountable Noun and Transitive Verb
Meaning
A sale in which things are sold to the person who offers the most money
Usage
India 2G telecom auction falls short of target
(Source: CLD- 2nd Edition)
Today’s Reading
India’s latest auction of mobile phone licences has fallen flat, raising less than a quarter of the money the government had targeted. The auction for second-generation (2G) mobile phone licences raised 94bn rupees. (BBC)
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