For the given cell
$$\mathrm{Fe}^{2+}(\mathrm{aq})+\mathrm{Ag}_{(\mathrm{aq})}^{+} \rightarrow \mathrm{Fe}^{3+}(\mathrm{aq})+\mathrm{Ag}_{(\mathrm{s})}$$
The standard cell potential of the above reaction is Given:
$$\begin{array}{lr} \mathrm{Ag}^{+}+\mathrm{e}^{-} \rightarrow \mathrm{Ag} & \mathrm{E}^\theta=\mathrm{xV} \\ \mathrm{Fe}^{2+}+2 \mathrm{e}^{-} \rightarrow \mathrm{Fe} & \mathrm{E}^\theta=\mathrm{yV} \\ \mathrm{Fe}^{3+}+3 \mathrm{e}^{-} \rightarrow \mathrm{Fe} & \mathrm{E}^\theta=\mathrm{zV} \end{array}$$
Standard electrode potentials for a few half cells are mentioned below :
$$\begin{aligned} & \mathrm{E}_{\mathrm{Cu}^{2+} / \mathrm{Cu}}^{\circ}=0.34 \mathrm{~V}, \mathrm{E}_{\mathrm{Zn}^{2+} / \mathrm{Zn}}^{\circ}=-0.76 \mathrm{~V} \\ & \mathrm{E}_{\mathrm{Ag}^{+} / \mathrm{Ag}}^{\circ}=0.80 \mathrm{~V}, \mathrm{E}_{\mathrm{Mg}^{2+} / \mathrm{Mg}}^{\circ}=-2.37 \mathrm{~V} \end{aligned}$$
Which one of the following cells gives the most negative value of $\Delta \mathrm{G}^{\circ}$ ?
$$
\mathrm{FeO}_4^{2-} \xrightarrow{+2.0 \mathrm{~V}} \mathrm{Fe}^{3+} \xrightarrow{0.8 \mathrm{~V}} \mathrm{Fe}^{2+} \xrightarrow{-0.5 \mathrm{~V}} \mathrm{Fe}^0
$$
In the above diagram, the standard electrode potentials are given in volts (over the arrow).
The value of $\mathrm{E}_{\mathrm{FeO}_4^{2-} / \mathrm{Fe}^{2+}}$ is :
Given below are two statements :
Statement (I) : Corrosion is an electrochemical phenomenon in which pure metal acts as an anode and impure metal as a cathode.
Statement (II) : The rate of corrosion is more in alkaline medium than in acidic medium.
In the light of the above statements, choose the correct answer from the options given below :