CORRECT answer is option 2 i.e. closed down.Liquidated: Refers to the winding up of the affairs of a business, by analyzing their assets and liabilitiesClosed Down: Refers to something that is shut or winded upFor e.g. Within 5 years of its establishment, 'Lioness and CO.' was closed down. Thus, it is CLEAR that liquidated and closed down are similar WORDS.Let's look at the MEANING of other words:Bankrupt: Refers to a company declared as unable to pay their debtsFlourishing: Refers to something that is blooming and is very successfulPrivatized: Refers to a transfer of a company from public to private Thus, options 1, 3 and 4 are incorrect.