New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following factors does not affect the

    price of bullion? 1)    Supply and demand. 2)    Economic and political conditions. 3)    The carat value of the bullion.
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D Both 2 and 3 Correct Answer Incorrect Answer
    E 1 and 2 only Correct Answer Incorrect Answer

    Solution

    Statement 1 and 2 are correct as supply and demand and economic and political conditions can affect the price of bullion. However, statement 3 is incorrect as the carat value or purity of the bullion is an important factor that affects its price.

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