1-50 MCQ -LIFE OF BUILDING: ECONOMIC/ PHYSICAL/ LEGAL

1-50 MCQ -LIFE OF BUILDING: ECONOMIC/ PHYSICAL/ LEGAL

What is the economic life of a building?

A. The period during which the building can generate income.
B. The period during which the building remains structurally sound.
C. The period during which the building is legally compliant.
D. The period during which the building is insured.

Answer: A. The period during which the building can generate income.

Which of the following factors can affect the economic life of a building?

A. Market demand
B. Technological advancements
C. Maintenance costs
D. All of the above

Answer: D. All of the above

Depreciation in the context of buildings refers to:

A. The reduction in market value of the building over time.
B. The physical deterioration of the building.
C. The legal changes affecting the building.
D. The appreciation in the building’s value over time.

Answer: A. The reduction in market value of the building over time.

The physical life of a building refers to:

A. The period during which the building is profitable.
B. The period during which the building can be legally occupied.
C. The period during which the building remains structurally sound and habitable.
D. The period during which the building remains insured.

Answer: C. The period during which the building remains structurally sound and habitable.

Which of the following can extend the physical life of a building?

A. Regular maintenance and repairs
B. Legal compliance
C. High market demand
D. Government subsidies

Answer: A. Regular maintenance and repairs

Structural integrity of a building is assessed through:

A. Legal audits
B. Market analysis
C. Engineering inspections
D. Financial audits

Answer: C. Engineering inspections

The legal life of a building refers to:

A. The period during which the building is financially viable.
B. The period during which the building complies with all relevant laws and regulations.
C. The period during which the building is structurally sound.
D. The period during which the building is environmentally sustainable.

Answer: B. The period during which the building complies with all relevant laws and regulations.

Which of the following can impact the legal life of a building?

A. Changes in zoning laws
B. New safety regulations
C. Environmental laws
D. All of the above

Answer: D. All of the above

Obtaining a building completion certificate ensures:

A. The building is economically viable.
B. The building is structurally sound.
C. The building complies with legal requirements.
D. The building has a high market value.

Answer: C. The building complies with legal requirements.

Which Indian law primarily governs the construction and maintenance of buildings?

A. Indian Penal Code
B. Indian Contract Act
C. Real Estate (Regulation and Development) Act
D. Consumer Protection Act

Answer: C. Real Estate (Regulation and Development) Act

Which type of maintenance can significantly impact the economic life of a building?

A. Reactive maintenance
B. Preventive maintenance
C. Deferred maintenance
D. Neglect

Answer: B. Preventive maintenance

The economic life of a commercial building can be prolonged by:

A. Reducing rents
B. Enhancing energy efficiency
C. Ignoring tenant complaints
D. Skipping regular inspections

Answer: B. Enhancing energy efficiency

Which financial analysis method is commonly used to evaluate the economic life of a building?

A. Cost-Benefit Analysis
B. Break-even Analysis
C. Net Present Value (NPV)
D. Regression Analysis

Answer: C. Net Present Value (NPV)

Obsolescence impacting the economic life of a building can be:

A. Functional
B. Economic
C. Physical
D. All of the above

Answer: D. All of the above

Which of the following does NOT directly affect the economic life of a building?

A. Inflation rates
B. Technological advances
C. Structural integrity
D. Legal requirements

Answer: A. Inflation rates

What is the main focus of the physical life of a building?

A. Market value
B. Structural soundness and functionality
C. Legal compliance
D. Economic returns

Answer: B. Structural soundness and functionality

Regular inspections of a building typically include checks for:

A. Market trends
B. Zoning compliance
C. Structural defects
D. Economic forecasts

Answer: C. Structural defects

Which building component has the shortest physical life span?

A. Roof
B. Foundation
C. Electrical systems
D. Exterior walls

Answer: A. Roof

Which of the following is a sign of physical deterioration in a building?

A. Increasing rental income
B. Cracks in the walls
C. Legal disputes
D. Higher property taxes

Answer: B. Cracks in the walls

Physical life can be extended through:

A. Market analysis
B. Retrofitting and renovations
C. Legal compliance
D. Financial investments

Answer: B. Retrofitting and renovations

Legal life of a building is directly influenced by:

A. Market value
B. Structural integrity
C. Compliance with building codes and regulations
D. Tenant satisfaction

Answer: C. Compliance with building codes and regulations

Which authority typically issues building permits in India?

A. Ministry of Housing and Urban Affairs
B. Local Municipal Corporation
C. State Government
D. Central Government

Answer: B. Local Municipal Corporation

Regular legal audits of a building ensure:

A. Increased rental income
B. Compliance with current laws and regulations
C. Market competitiveness
D. Enhanced physical durability

Answer: B. Compliance with current laws and regulations

Non-compliance with legal standards can result in:

A. Increased market value
B. Penalties and fines
C. Extended economic life
D. Improved tenant satisfaction

Answer: B. Penalties and fines

Which document proves that a building is constructed as per approved plans and legal norms?

A. Occupancy Certificate
B. Sale Deed
C. Lease Agreement
D. Property Tax Receipt

Answer: A. Occupancy Certificate

The term ‘Built-up area’ includes:

A. Carpet area and wall thickness
B. Common areas
C. Total constructed area including balconies
D. All of the above

Answer: D. All of the above

Floor Space Index (FSI) is crucial for determining:

A. Market value
B. Legal compliance
C. The maximum permissible built-up area
D. Structural integrity

Answer: C. The maximum permissible built-up area

Which of the following is NOT a physical defect?

A. Water seepage
B. Market depreciation
C. Foundation cracks
D. Termite infestation

Answer: B. Market depreciation

Which type of property ownership is most common in urban residential buildings in India?

A. Freehold
B. Leasehold
C. Tenancy
D. Co-operative housing

Answer: A. Freehold

The term ‘Green Building’ refers to:

A. A building with green exterior paint
B. A building designed to be environmentally responsible
C. A building with ample green space around it
D. A building that uses green-colored materials

Answer: B. A building designed to be environmentally responsible

Economic obsolescence of a building is often caused by:

A. Physical wear and tear
B. Changes in market conditions
C. Tenant turnover
D. Regular maintenance

Answer: B. Changes in market conditions

A building’s ability to attract tenants affects its:

A. Physical life
B. Legal life
C. Economic life
D. None of the above

Answer: C. Economic life

Which of the following can decrease the economic life of a building?

A. Technological advancements
B. Enhanced maintenance practices
C. Increasing demand
D. Legal upgrades

Answer: A. Technological advancements

An increase in property taxes would most likely impact:

A. The physical life of a building
B. The economic life of a building
C. The legal life of a building
D. The building’s structural integrity

Answer: B. The economic life of a building

Market value assessment is essential for understanding:

A. Physical condition
B. Economic viability
C. Legal compliance
D. Environmental impact

Answer: B. Economic viability

Physical deterioration is primarily caused by:

A. Market fluctuations
B. Environmental factors and usage
C. Legal changes
D. Economic policies

Answer: B. Environmental factors and usage

Which material typically has the longest lifespan in building construction?

A. Wood
B. Steel
C. Concrete
D. Brick

Answer: C. Concrete

Fire safety measures are crucial for extending:

A. Economic life
B. Physical life
C. Legal life
D. Market value

Answer: B. Physical life

Regular cleaning and upkeep of common areas help in:

A. Reducing maintenance costs
B. Extending the physical life
C. Enhancing legal compliance
D. Increasing market value

Answer: B. Extending the physical life

Which of the following is NOT a factor in physical building deterioration?

A. Moisture intrusion
B. Load-bearing capacity
C. Financial investments
D. Thermal expansion

Answer: C. Financial investments

The Building Code of India is known as:

A. Indian Building Standards
B. National Building Code (NBC)
C. Construction Code of India
D. Real Estate Code

Answer: B. National Building Code (NBC)

What is required to legally demolish a building in India?

A. Tenant approval
B. Demolition permit
C. Market analysis
D. Structural integrity report

Answer: B. Demolition permit

Legal non-conforming use refers to:

A. Uses allowed by current zoning laws
B. Uses that were legal when established but not currently permitted
C. Illegal uses of property
D. Temporary permitted uses

Answer: B. Uses that were legal when established but not currently permitted

A Completion Certificate indicates:

A. Completion of construction and adherence to safety norms
B. Payment of all property taxes
C. Market readiness of the building
D. Tenancy agreements are in place

Answer: A. Completion of construction and adherence to safety norms

Which body regulates real estate transactions and development in India?

A. Reserve Bank of India (RBI)
B. Securities and Exchange Board of India (SEBI)
C. Real Estate Regulatory Authority (RERA)
D. National Housing Bank (NHB)

Answer: C. Real Estate Regulatory Authority (RERA)

Retrofitting a building refers to:

A. Demolishing and reconstructing
B. Updating the building to current standards
C. Painting and decorating
D. Reducing the size of the building

Answer: B. Updating the building to current standards

Which of the following is a common legal document in building construction?

A. Blueprint
B. Sales agreement
C. Power of attorney
D. Construction contract

Answer: D. Construction contract

What does ‘Carpet Area’ refer to in real estate?

A. Total floor area including walls
B. Usable floor area within the walls
C. Common area shared by occupants
D. Total plot area

Answer: B. Usable floor area within the walls

Building information modeling (BIM) is used for:

A. Legal compliance
B. Financial planning
C. Detailed design and construction planning
D. Marketing