Although once dismissed as the "poor relations" of investment banking,

Question

Although once dismissed as the "poor relations" of investment banking, the high-yield bond departments at the major Wall Street firms were  the first among the innovators of the 1980s, recognizing the need of  additional capital in the market place , and to discover a way to provide that capital.

(A) the first among the innovators of the 1980s, recognizing the need of

(B) first among the innovators of the 1980s, recognizing the need for

(C) the first among the innovators of the 1980s, to recognize the need of

(D) among the first of the innovators of the 1980s to recognize the need for

(E) among the first innovators of the 1980s, recognizing the need of

ProfX · Answer

The underline is non-existent here; I am finding it hard to focus on which part needs correction

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sandeepb17 · Answer

IMO C. It maintains the Parallelism, to recognize... , and to discover.
Also they are the first among the innovators, not among the first innovators.
"Among the first innovators..." changes the meaning and is illogical.

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Abhishek009 · Answer

IMHO (D) with the OA for the errors highlighted in red above.

paidlukkha · Answer

entry point 
need for OR need of 
its need for - B and D remains
meaning wise think 
 first among the innovators  of OR  among the first of the innovators 
in GMAT 'Timberwood density' is always written as 'Density of Timberwood'
 
i.e. D

mihir0710 · Answer

Although once dismissed as the "poor relations" of investment banking, the high-yield bond departments at the major Wall Street firms were  the first among the innovators of the 1980s, recognizing the need of  additional capital in the market place , and to discover a way to provide that capital.

from the non-underlined part "....,and to discover..." it becomes clear that these departments were among the first to do X and to do Y..
  
(A) the first among the innovators of the 1980s,  recognizing the  need of 
 "to recognize" should come here
 
(B) first among the innovators of the 1980s,  recognizing the  need for
 Same as A 
(C) the first among the innovators of the 1980s ,  to recognize the need of
 See these sentences : 
Version - 1 : I went to the shop to buy some snacks.
Version - 2 : I went to the shop, to buy some snacks.

M sure you noticed the "." in the second sentence and understood that "," is unwanted.
So refer to Option C, its exactly similar to our Version - 2..
Hence incorrect. 
 
(D) among the first of the innovators of the 1980s to recognize the need for
 Both the above mentioned errors are rectified. So our best bet

(E) among the first innovators of the 1980s,  recognizing the  need of
 Same error as A and B

matthewsmith_89 · Answer

Can someone please explain to me the difference between need of and need for

sevenplusplus · Answer

Could someone confirm if this would have been correct?

Although once dismissed as the "poor relations" of investment banking, the high-yield bond departments at the major Wall Street firms were the first among the innovators of the 1980s,  recognizing the need of additional capital in the market place ,  and discovering  a way to provide that capital.

The underline part above modifies the previous statement.

arvind910619 · Answer

Imo D
Hi can anyone explain C is wrong

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mihir0710 · Answer

Hi  arvind910619 ,

Please check this post 
 https://gmatclub.com/forum/although-once-dismissed-as-the-poor-relations-of-investment-banking-225614.html#p1866414

Let me know if it is still not clear...

nipunjain14 · Answer

Can someone please explain the difference between "the first among the innovators" and "among the first of innovators"?

daagh · Answer

Although once dismissed as the "poor relations" of investment banking, the high-yield bond departments at the major Wall Street firms were  the first among the innovators of the 1980s, recognizing the need of  additional capital in the marketplace, and to discover a way to provide that capital.

(A) the first among the innovators of the 1980s, recognizing the need of

(B) first among the innovators of the 1980s, recognizing the need for

(C) the first among the innovators of the 1980s, to recognize the need of

(D) among the first of the innovators of the 1980s to recognize the need for

(E) among the first innovators of the 1980s, recognizing the need of

A quick fix here. 'Need for' is the idiom here and not 'need of' ( need of may be good in other contexts; how to get that hunch is a matter of practice). By this perception, A, C, and E can be booted out. 
Between B and E, in B 'recognizing and to discover' is unparallel --. E keeps parallelism intact.

daagh · Answer

Between 'first among' and 'among the first': Probably because of an absolute word such as first needs the definite article 'the' before it, the former is wrong. However, it is also true that in many cases, the word 'first' is used without the definite article. When the split is hair-thin it is better to rely on other errors in the choices and decide.

aragonn · Answer

Question Explanation 
The underlined portion of the sentence contains the first item of a list, so check to make sure that all items in the list are parallel. The underline portion of the sentence also contains the idiom need so make sure the idiom is properly completed. The list of items that describe what high-yield bond departments did is recognizing…to discover. This is a parallel construction error. Additionally, the word need in this context must be followed by the word for to properly complete the idiom need…for. Eliminate choice A and look for obvious repeaters. Choices B and E both repeat the parallel construction error by using the word recognizing. Eliminate choices B and E. Choice C repeats the idiom error need of, so eliminate choice C. Evaluate the remaining answer choice, looking for reasons to eliminate it.

Choice D fixes the original parallelism error by utilizing the correct construction to recognize…to discover. This choice also fixes the idiom error by using the proper idiom need for, and introduces no new errors. Keep choice D.

Alternatively, if it is difficult to spot the grammar rule the sentence is testing, another strategy is to identify an error from the answers by looking for either a 2/3 split or differences among the answers. Because three of the answer choices end with the construction need of and two of the answers end with the construction need for, this is an indication to look for idiom errors.

Choice A: No. The list recognizing…to discover is not parallel. The construction need of is not the correct idiom. Parallel construction; Idiom.

Choice B: No. The list recognizing…to discover is not parallel. Parallel construction.

Choice C: No. The construction need of is not the correct idiom. Idiom.

Choice D: Correct.

Choice E: No. The list recognizing…to discover is not parallel. Parallel construction.

The correct answer is choice D.

MI83 · Answer

in my opinion, two points make the correct answer here:

1) sentence comparison: recognizing v.s to recognize --- against " to provide".

2) need for/ need of: "need for" emphasizes the requirement for while "need of" emphasizes the lack of something.

answer (D).

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Although once dismissed as the "poor relations" of investment banking,

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Although once dismissed as the "poor relations" of investment banking,

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