TASK DEFINITION: In this task, a passage will be given and the goal is to identify an event from the passage. An event is defined as a single word representing something that happened, is happening, or may happen. An event can be factual or hypothetical, positive or negative, certain or uncertain. While most events are based on verbs, an event can also be based on a noun (ex. storm, snow, rainfall) or a copula verb (is, was, been, etc.). The event must not be a pronoun or an adjective. For noun events with multiple words, use the last word in the phrase as event.
PROBLEM: Passage: He gave foreign airlines six months to withdraw investments from local carriers but allowed overseas investors outside the aviation sector to hold up to 40 percent in domestic airlines. The guidelines, approved by Deve Gowda's cabinet, killed off a 708 -million-dollar plan by Singapore Airlines and India's Tata group to set up a new airline after more than two years of wrangling.

SOLUTION: gave

PROBLEM: Passage: Finance Minister Palaniappan Chidambaram's widely-acclaimed pro-reform budget, unveiled in parliament on February 28, slashed taxes and promised to reduce the fiscal deficit. The personal tax rate was slashed from 40 to 30 percent, to the cheers of the rich, while corporate tax for domestic firms was reduced from 40 to 35 percent.

SOLUTION: widely-acclaimed

PROBLEM: Passage: Bowing to criticism, Bear Stearns, Morgan Stanley and Oppenheimer joined PaineWebber in suspending stock-index arbitrage trading for their own accounts. Still, stock-index funds are expected to continue launching big programs through the market.

SOLUTION:
Bowing