Question

A synonym of MAGNATE is:
a. Tycoon
b. Senior Executive
c. Non-magnetic
d. Symbolic

Answer 1

Hint: A synonym refers to a word that is similar in meaning to another word. A magnate is a wealthy and influential businessman or businesswoman.

Complete answer : Magnates usually own several different lines of businesses. Warren Buffett and Jeff Bezos are some well known magnates. Some synonyms for magnate include industrialist, mogul and baron. The word magnate is derived from the Latin word magnus which means great.
Let’s look at its usage:
Example- The new hall for the Symphony Orchestra was sponsored by the shipping magnate. Here, we can see that the new hall for the Symphony Orchestra was sponsored by the shipping industrialist.
 Let’s examine the given options:
a) Tycoon – This option means a wealthy and powerful person in the business sector. It is similar in meaning to magnate. Hence, it is the correct option.
b) Senior Executive- This option means a person who manages the highest level of management of a business. It is different in meaning to magnate. Hence, it is an incorrect option.
c) Non-magnetic- This option means a substance that is not magnetic. It is different in meaning to magnate. Hence, it is an incorrect option.
d) Symbolic- This option means serving as a symbol. It is different in meaning to magnate. Hence, it is an incorrect option.

Hence the correct answer is option ‘a’.

Note: A tycoon is the owner of a business organization whereas a senior executive works in the higher tiers of a business organization.