Basic Details
Word: Premium
Part of Speech: Noun
Meaning: An amount of money paid for a special quality or service.
Synonyms: Extra charge, surcharge, bonus
Antonyms: Discount, reduction
Idioms and Phrases
- Premium quality: Refers to something that is of very high standard. Example: "The restaurant is famous for its premium quality steaks."
- To pay a premium: To pay more than the usual amount for something. Example: "I decided to pay a premium for the concert tickets to see my favourite band."
Usage Examples
Example 1: The car I want is a bit more expensive because it comes with a premium audio system.
Example 2: When shopping, I always look for premium brands that offer better durability.
Example 3: Our insurance policy has a monthly premium that covers health and property.
Fun Fact
The word "premium" originates from the Latin word "praemium", which means "reward" or "prize". It has evolved over time to represent an amount of money paid for quality or benefits.
Famous Quote
"Quality is not an act, it is a habit." Aristotle
Multiple Choice Questions (MCQs)
1. What does "premium" mean?
a) A simple item
b) An amount paid for extra quality
c) A kind of food
d) A class of people
Answer: b) An amount paid for extra quality
2. Which of these is a synonym of "premium"?
a) Discount
b) Extra charge
c) Ordinary
d) Blank
Answer: b) Extra charge
3. What is the antonym of "premium"?
a) Extra charge
b) Discount
c) Bonus
d) Quality
Answer: b) Discount
4. Which sentence uses "premium" correctly?
a) The premium of the watch was very low.
b) I enjoy eating premium grass.
c) The hotel offers premium services for its guests.
d) He paid a premium for his book club membership this year.
Answer: c) The hotel offers premium services for its guests.
5. To "pay a premium" means to:
a) Refuse payment
b) Pay less than normal
c) Pay more than usual
d) Pay nothing
Answer: c) Pay more than usual
