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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO PRINCIPLES OF ECONOMICS – MICROECONOMICS What is the fundamental economic problem? a) How to allocate resources efficiently b) How to maximize profits c) How to eliminate scarcity d) How to increase consumption Answer: c) How to eliminate scarcity Which of the following is not considered a factor of production? […]

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LICENSING OF INDUSTRIES AND REGULATION OF INDUSTRIAL ACTIVITIES UNDER VARIOUS INDUSTRIAL LICENSING LAWS ETC. Which government body in India is responsible for regulating industrial licensing? a) Ministry of Finance b) Ministry of Commerce and Industry c) Ministry of Home Affairs d) Ministry of External Affairs Answer: b) Ministry of

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAW OF ARBITRATION AND CONCILIATION: SALIENT FEATURE Under the Arbitration and Conciliation Act, which institution is responsible for the appointment of arbitrators if the parties fail to agree? a) High Court b) Supreme Court c) Arbitral Tribunal d) Government Answer: a) High Court Which section of the Arbitration and

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAND VALUE BY MARKET APPROACH AND BUILDING VALUE BY COST ESTIMATION METHOD FOR OWNER OCCUPIED BUNGALOWS, FACTORIES, PUBLIC BUILDINGS In the context of property valuation, what does “owner-occupied” typically imply? a) The property is used for commercial purposes. b) The property is rented out to tenants. c) The property

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO URBAN INFRASTRUCTURE AND ITS INFLUENCE ON VALUE OF REAL ESTATE Which of the following urban infrastructure components typically contributes the most to the value of real estate in India? A) Transportation networks B) Green spaces and parks C) Utility services (water, electricity, etc.) D) Educational institutions Answer: A) Transportation

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO SALVAGE VALUE AND SCRAP VALUE What is salvage value in India? A) The value of an asset at the end of its useful life B) The value of an asset when it is sold for reuse or recycling C) The initial cost of an asset D) The value of

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO MACHINE TOOLS, FACTORY, UTILITY EQUIPMENT AND ELECTRICAL INSTALLATIONS Which organization is responsible for the standardization of electrical installations in India? a) Bureau of Indian Standards (BIS) b) Central Electricity Authority (CEA) c) Indian Electrical and Electronics Manufacturers’ Association (IEEMA) d) Indian Standards Institute (ISI) Answer: a) Bureau of Indian

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INSURANCE IN INDIA What does Value at Risk (VaR) represent in insurance? a) The maximum amount an insurer will pay out b) The minimum amount an insurer will pay out c) The amount of risk an insurer is willing to take d) The potential loss an

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INHERITANCE/SUCCESSION: According to the Hindu Succession Act, 1956, what is the share of a widow in her deceased husband’s property if he dies intestate and has no children? a) Half b) One-third c) One-fourth d) Full Answer: a) Half Which of the following is not a

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO CAPITAL AND INTEREST: TYPES OF CAPITAL, GROSS INTEREST, NET INTEREST Which of the following is NOT a type of capital? A) Fixed capital B) Working capital C) Nominal capital D) Human capital E) Intellectual capital Answer: C) Nominal capital Gross interest refers to: A) Interest before any deductions or

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO COST APPROACH TO VALUE Which of the following best describes the Cost Approach to Value? a) It estimates the value of a property based on its income potential. b) It determines the value of a property by comparing it with similar properties in the market. c) It calculates the

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO -DERIVATION OF YIELD RATE FROM MARKET DERIVED DATA – REMUNERATIVE RATE OF INTEREST AND ACCUMULATIVE RATE OF INTEREST When calculating the yield rate from market data in India, which type of bond yield is typically used? A) Nominal yield B) Real yield C) Coupon yield D) Yield to maturity