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Question

Select the word which means the same as the group of words given.

To rise in value

This question was previously asked in
SSC CGL 2019 (Tier 2) GS Finance & Economics Previous Year Paper (17-Nov-2020)
The correct answer is

Appreciate

Understanding "To Rise in Value": Finding the Right Word

The question asks us to select the word that means the same as the group of words "To rise in value". This phrase describes an increase in the worth or price of something.

Let's examine the provided options:

  • Appreciate: This word is commonly used to describe an increase in the value of an asset, property, or currency over time. For example, real estate or stocks can appreciate.
  • Extend: This means to stretch out, prolong, or make something longer or wider. It is related to size or duration, not monetary value.
  • Depreciate: This is the opposite of appreciate. It means to decrease in value over time, usually due to wear and tear, age, or market conditions. For example, a car typically depreciates in value after purchase.
  • Enlarge: This means to make something larger in size or scope. Like 'extend', it relates to physical dimensions or scale, not monetary value.

Comparing the options to the phrase "To rise in value", we can see that 'Appreciate' is the word that specifically refers to an increase in value.

Analysis of Options for Rising Value

Word Meaning Does it mean "To rise in value"?
Appreciate To increase in value over time. Yes
Extend To make longer or wider; prolong. No
Depreciate To decrease in value over time. No
Enlarge To make bigger in size. No

Based on the definitions, the word that means "To rise in value" is 'Appreciate'.

Revision Table: Words Related to Value Changes

Term Meaning Example
Appreciate Increase in value A house might appreciate in value over several years.
Depreciate Decrease in value A new car depreciates as soon as it's driven off the lot.
Inflate Increase in general price level of goods/services Inflation erodes the purchasing power of money.
Deflate Decrease in general price level of goods/services Deflation can lead to decreased spending.

Additional Information: Value vs. Size

It's important to distinguish between an increase in value and an increase in size or extent. Words like 'extend' and 'enlarge' refer to physical dimensions or duration, not monetary worth. 'Appreciate' and 'depreciate' are specifically related to changes in value, typically in an economic or financial context.

Understanding these terms is crucial in various fields, including economics, finance, and real estate, when discussing the performance or state of assets.

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