Gold appraisal - General Flashcard
Flashcard
•
Other
•
1st - 5th Grade
•
Practice Problem
•
Hard
Wayground Content
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6 questions
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1.
FLASHCARD QUESTION
Front
What is the primary factor considered while assessing the purity of gold?
Back
Karat Value
2.
FLASHCARD QUESTION
Front
How does lower Karat gold (e.g., 18K) affect the appraisal process?
Back
Reduces the loan value
3.
FLASHCARD QUESTION
Front
Which of the following is a key challenge in gold appraisal? Gold appraisal இல் முக்கிய சவால் எது? A) Identifying fake or mixed gold B) Measuring the gold weight C) Checking the ornament design D) Calculating the market price
Back
Identifying fake or mixed gold
4.
FLASHCARD QUESTION
Front
What is the purpose of using an acid test or XRF machine in gold appraisal?
Back
To determine the gold purity
5.
FLASHCARD QUESTION
Front
How do fluctuations in gold prices affect gold loan approvals?
Back
Loan eligibility decreases when gold prices fall.
6.
FLASHCARD QUESTION
Front
What is the significance of hallmarking in gold appraisal?
Back
It certifies the purity of the gold.
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