Magnetism and Electromagnetism
The most effective and quickest may of making a magnet from soft iron is by

Induction
Rubbing with another magnet
The use of permanent magnet
Placing it inside a coil carrying current

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Magnetism and Electromagnetism
A permanent magnet

Attracts all paramagnetic substances and repels others
Attracts some substances and repels others
Attracts only ferromagnetic substances
Attracts ferromagnetic substances and repels all others

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