ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Consider the following statements regarding the purity

    of bullion: 1) The purity of bullion is measured in carats. 2) The higher the carat value, the more impurities are present in the bullion. Which of the statements given above is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C Both 1 and 2 Correct Answer Incorrect Answer
    D Neither 1 nor 2 Correct Answer Incorrect Answer
    E Both are partially correct Correct Answer Incorrect Answer

    Solution

    Statement 1 is incorrect as the purity of bullion is measured in fineness or millesimal fineness, not in carats. Statement 2 is also incorrect as the higher the carat value, the purer the gold, and not the other way around.

    Practice Next
    More Financial Management Questions
    ask-question