Both A and C are contenders for the first sentence of the paragraph. We see that D explains the word ‘meltdown’ mentioned in A. So, D follows A. B talks of a ‘short-term emergency painkiller’. What does this refer to? The emergency liquidity provided by the world’s leading central banks in 2008, that is mentioned in A. So, B too follows A. Which of these is a better fit immediately after A? D is, as it explains what would have happened if the emergency liquidity wasn’t provided at that time. Also note that D uses the same tense as A, in explaining what ‘would have’ happened. So, we have the order ADB. Consider sentence C. Though both A and B make sense after C, we already know that ADB is a unit. So CADB is the right order. Correct Answer: CADB
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