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    Question

    Consider the following statements regarding the use of

    bullion: 1) Bullion can be used for investment purposes as a hedge against inflation. 2) Bullion can be used for making jewelry. 3) Bullion has no industrial usage. Which of the statements given above is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    Statement 1 is correct as bullion is often used for investment purposes, particularly as a hedge against inflation. Statement 2 is correct as bullion can be used for a variety of purposes, including investment, industrial uses, and making coins, among others. Hence, statement 3 is incorrect.

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