Question

Which of the phrase given below the sentence should replace the word/phrase given in underline in the sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, select 'No correction required' as the answer.
The fraud comes at a time when the unregulated microfinance industry is facing a crisis on its way of high interest rates and low repayment of loans.

• A. because manner of
• B. since ways are
• C. by way of
• D. in the way of
• E. No correction required

Answer 1

The correct option is C by way of

'By way of' gives the idea of a medium or an agent, which is the need of the sentence.
E.g. The machine was made functional by way of changing a defective part.