BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ISI
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FPO
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Hallmark
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CERC
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Detailed explanation-1: -"Hallmark” is a standardised mark is printed on jewellery. The BIS hallmark is a hallmarking system for gold as well as silver jewellery sold in India certifying the purity of the metal.
Detailed explanation-2: -Explanation: A hallmark is an authority imprint or series of imprints struck on things made of metal, generally to ensure the substance of noble metals-like platinum, gold, silver, and in certain countries, palladium.
Detailed explanation-3: -In KDM gold jewellery, 92 per cent gold and 8 per cent cadmium alloy is mixed whereas in BIS 916 or 22K gold jewellery, 91.6 gm of pure gold is added. By the percentage, one might think KDM gold is better due to 92% gold but it is not hallmarked and 22K gold is.
Detailed explanation-4: -This means that any gold jewellery sold by a jeweller in India must have BIS hallmarking to certify the product’s purity.
Detailed explanation-5: -At present, as per the Bureau of Indian Standard’s (BIS) website, gold hallmarking is allowed for 6 purity categories, namely, 14KT, 18KT, 20KT, 22KT, 23KT and 24KT.