A bar magnet having a magnetic moment of 2.0 $$\times$$ 10⁵ JT^$$-$$1, is placed along the direction of uniform magnetic field of magnitude B = 14 $$\times$$ 10^$$-$$5 T. The work done in rotating the magnet slowly through 60$$^\circ$$ from the direction of field is :

Given below are two statements :

Statement I : Susceptibilities of paramagnetic and ferromagnetic substances increase with decrease in temperature.

Statement II : Diamagnetism is a result of orbital motions of electrons developing magnetic moments opposite to the applied magnetic field.

Choose the correct answer from the options given below :

The soft-iron is a suitable material for making an electromagnet. This is because soft-iron has