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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