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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO MACHINE TOOLS, FACTORY, UTILITY EQUIPMENT AND ELECTRICAL INSTALLATIONS Which of the following is NOT a commonly used machine tool in Indian manufacturing industries? A) Lathe B) Milling machine C) Plasma cutter D) 3D printer Answer: D) 3D printer In India, the majority of factories use which type of power […]
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO THE TRANSFER OF PROPERTY ACT, 1882 Which of the following transactions falls under the purview of The Transfer of Property Act, 1882? a) Sale of movable property b) Gift of immovable property c) Lease of movable property d) Mortgage of movable property Answer: b) Gift of immovable property According
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO THE TRANSFER OF PROPERTY ACT, 1882 Read More »
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO MEASURES OF CENTRAL TENDENCY, DISPERSION, AND SKEWNESS What is the measure of central tendency that represents the middle value of a dataset? A) Mean B) Median C) Mode D) Standard Deviation Answer: B) Median In a positively skewed distribution, where do the majority of values lie in relation to
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO INDIAN ACCOUNTING STANDARDS AS APPLICABLE TO VALUATION Which Indian Accounting Standard (Ind AS) deals with Property, Plant, and Equipment? a) Ind AS 16 b) Ind AS 36 c) Ind AS 105 d) Ind AS 113 Answer: a) Ind AS 16 Ind AS 36 deals with: a) Revenue Recognition b)
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO OBLIGATIONS AND RIGHTS OF INSURER AND INSURED What is the primary obligation of an insurer towards the insured? A) To provide accurate information about the policy B) To pay the premium on time C) To indemnify the insured against covered risks D) To refuse claims Answer: C) To indemnify
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO URBAN INFRASTRUCTURE AND ITS INFLUENCE ON VALUE OF REAL ESTATE Which of the following is NOT considered a component of urban infrastructure? a) Roads and highways b) Electricity and water supply c) Public transportation systems d) Agricultural lands Answer: d) Agricultural lands How does the availability of good urban
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO THE SEBI (DELISTING OF EQUITY SHARES) REGULATIONS, 2021 What does SEBI stand for in the context of Indian financial regulations? a) Securities and Exchange Board of India b) Securities Evaluation and Business Intelligence c) Stock Exchange Bureau of India d) Securities Entity Board of Investments Answer: a) Securities and
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO FINANCE AND FINANCIAL STATEMENT ANALYSIS Which of the following financial statements provides a snapshot of a company’s financial position at a specific point in time? A) Income Statement B) Balance Sheet C) Cash Flow Statement D) Statement of Retained Earnings Answer: B) Balance Sheet The financial ratio used to
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO VALUATION OF LEASED PLANT AND MACHINERY Which of the following methods is commonly used for valuing leased plant and machinery? a) Straight-line depreciation method b) Diminishing balance method c) Net present value method d) Units of production method Answer: c) Net present value method When valuing leased plant and
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATED TO INDUSTRIAL HEALTH AND SAFETY Which of the following acts in India primarily focuses on ensuring the health, safety, and welfare of workers in factories? A) Mines Act, 1952 B) Factories Act, 1948 C) Industrial Disputes Act, 1947 D) Employees’ State Insurance Act, 1948 Answer: B) Factories
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO DEPRECIATION UNDER THE INCOME TAX ACT, 1961 AS WELL AS THE COMPANIES ACT, 2013 Which of the following methods of depreciation is commonly used for tangible assets under the Income Tax Act, 1961? a) Annuity method b) Sum-of-years’ digits method c) Unit of time method d) Written down value
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO DETERMINATION OF MARKET RENT AND STANDARD RENT What is the primary objective of determining market rent and standard rent in India? A) To regulate real estate prices B) To ensure fair compensation for landlords C) To provide affordable housing to tenants D) To prevent exploitation of tenants by landlords