Official Explanation
“Requisite” means made necessary by circumstances or regulation, so “a requisite amount of regulatory pressure” is the normal, suitable, or necessary amount of pressure on “a business.” But what does this business do? Regarding “pressure” about “industry safety standards,” the business [does something to] “its own non-compliance ... with yet another series of suspect omissions.” The blanks must make the sentence generally read this way: A business that [replaces or substitutes = blank (i)] bad safety standards with “yet another” set of bad safety standards is very [bad = blank (ii)]. “Supplants” is a synonym for replaces and “contemptible” means despicable or deplorable, so these choices fit. “Imbue” means inspire or permeate with some characteristic or feeling. “Non-compliance” could be said to be imbued with “omissions” of compliance, but “yet another” separates and distinguishes the “omissions” from the original “non-compliance”; the context and structure of the sentence make this choice wrong. “Verifies” is too positive in the first blank and “laudable,” or worthy of praise, is too positive in the second blank. There is no indication in the sentence that a business that behaves this way is “contrived,” which means unrealistic or artificially created.
Answer: C,F