Directions (21-21) : A word has been given in each question and has been used in the sentences given below. Identify the statements where the word has been used in a contextually and grammatically correct manner.

Execute
(i) The budget constraints execute the company from hiring additional employees this year.
(ii) Every day you fail to execute the task, the penalty for failure worsens.
(iii) A debtor who is not insolvent may also execute a deed in favor of his creditors generally.

The correct answer is Both (ii) & (iii).

Let us analyze the meaning of the word "Execute" and evaluate its usage in each of the given sentences:

Meaning of Execute:
1. To carry out, perform, or put into effect a plan, order, course of action, or task.
2. To make legal or valid (such as a legal document, contract, or deed) by signing or completing the necessary formalities.

Analysis of Sentences:

(i) "The budget constraints execute the company from hiring additional employees this year."
Incorrect: The word "execute" does not make contextual sense here. The intended word is likely "prevent", "restrict", or "prohibit", as budget constraints limit or stop a company from hiring. Therefore, sentence (i) is contextually incorrect.

(ii) "Every day you fail to execute the task, the penalty for failure worsens."
Correct: Here, "execute" is used in the sense of carrying out or performing a task. This usage is grammatically and contextually correct.

(iii) "A debtor who is not insolvent may also execute a deed in favor of his creditors generally."
Correct: In legal terminology, to "execute a deed" means to sign, seal, or validate a legal instrument/document. This usage is precise and contextually appropriate.

Thus, statements (ii) and (iii) use the word "Execute" in a contextually and grammatically correct manner.