PART-21 & PART-22 KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR : LET KNOWLEDGE SPREAD : 10 QUESTIONS WITH ANSWER KEYS

PART-21 & PART-22 KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR : LET KNOWLEDGE SPREAD : 10 QUESTIONS WITH ANSWER KEYS

KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR 

LET KNOWLEDGE SPREAD

Spend your lockdown period usefully.

PART-21   01.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

201. It is the true value of the property as distinct from the agreement value. This true value is called as “historic cost”. Is it right?.….. Yes/No

202. The four essential elements of value are size, area, shape and access. Is it right?.….. Yes/No

203. It is a value of the property estimated in accordance with the provisions of the concerned statute like wealth tax schedule III. This is called statutory value. Is it right?.….. Yes/No

204. It is the value of a property to a speculator who invests in the property with the sole motive of selling the property for a profit within a short time. This is called as “speculative value”. Is it right?.….. Yes/No

205. It is the value of dismantled materials which have become completely unfit for any use. This is called as “junk value”. This is also called as scrap value. Is it right?.….. Yes/No

206. A temple property is a marketable property. Is it right?.….. Yes/No

207. It is the value at the end of utility period of the asset without being dismantled. It is called as “salvage value”. Is it right?.….. Yes/No

208. When the auction sale is carried out under order of the court and is also supervised by the court, such value is known as “liquidation” value. Is it right?.….. Yes/No

209. A religious property can be valued by profit method. Is it right?.….. Yes/No

210. The properties which are available in limited quantity and are not in abundance command a low value. Is it right?.….. Yes/No

ANSWERS KEYS:
Part 21

201 – No
202 – No
203 – Yes
204 – Yes
205 – Yes
206 – No
207 – Yes
208 – Yes
209 – No
210 – No

PART-22   02.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

211. Soil condition – rocky soil, hard muram, reclaimed soil and filled up soil are called social factors. Is it right? ….. Yes / No

212. Demand and supply are the economic factors affecting the value. Is it right? ….. Yes / No

213. Building characteristics like framed structure, age, life, specification and quality are called social factors. Is it right? ….. Yes / No

214. Inflation or deflation in nation’s economy and burden of property tax are economic factors affecting the value. Is it right? ….. Yes / No

215. Functional aspects like lift, garden, security system, intercom facility and children’s play area are called social factors. Is it right? ….. Yes / No

216. Land characteristics are called physical factors. Is it right? ….. Yes / No

217. Environmental aspects like noise, smoke, pollution, sea front, nuisance due to railway track and airport are called social factors. Is it right? ….. Yes / No

218. Infrastructural facilities like road, water supply, drainage and power are called physical factors. Is it right? ….. Yes / No

219. Natural calamities like earthquake prone areas, flooding, cyclone hazards and tsunami are called as Social factors. Is it right? ….. Yes / No

220. Policy of government taxation rules and money market situation are the economic factors affecting the value. Is it right? ….. Yes / No

ANSWERS KEYS:
Part 22

211. No
212. Yes
213. No
214. Yes
215. No
216. Yes
217. No
218. Yes
219. No
220. Yes

With best wishes,

B. KANAGA SABAPATHY
bkvaluer@gmail.com
www.bkanagasabapathy.com

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