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    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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