NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO HIGHEST AND BEST USE VALUE IN PLANT AND MACHINERY What does “Highest and Best Use Value” refer to in the context of plant and machinery? a) The highest value that can be achieved through sale of the asset b) The best operational use of the asset c) The value […]
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO YEARS PURCHASE IN PLANT AND MACHINERY What does “Years Purchase” in plant and machinery refer to? A) The duration of time a machine remains operational B) The lifespan of a plant or machinery C) The number of years’ worth of net income used to determine the value of a
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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO CAPITALIZATION AND RATE OF CAPITALIZATION IN PLANT AND MACHINERY VALUATION What is the purpose of capitalization in plant and machinery valuation? a) To determine the market value b) To estimate the replacement cost c) To convert income into value d) To calculate depreciation Answer: c) To convert income into
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO CONSTRUCTION AND USE OF VALUATION TABLES IN VALUATION OF PLANT AND MACHINERY Which of the following is NOT a common factor considered in the construction of valuation tables for plant and machinery? A) Age of the equipment B) Depreciation method C) Condition of the machinery D) Manufacturer’s reputation Correct
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO ROLE, FUNCTIONS AND RESPONSIBILITIES OF A PLANT AND MACHINERY VALUER What is the primary responsibility of a plant and machinery valuer? A) Marketing machinery B) Determining the value of machinery C) Operating machinery D) Maintaining machinery Answer: B) Determining the value of machinery Which of the following factors does
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LESSOR AND LESSEE IN REAL ESTATE Who is the lessor in a real estate lease agreement? a) The person renting the property b) The person leasing out the property c) Both parties jointly d) The real estate agent facilitating the lease Answer: b) The person leasing out the property
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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO DETERMINATION OF MARKET RENT AND STANDARD RENT What is market rent? A. The rent set by the government B. The rent determined by the landlord C. The rent agreed upon by the tenant and landlord based on prevailing market conditions D. The rent fixed by a property management company
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO DERIVATION OF YIELD RATE FROM MARKET DERIVED DATA What is the yield rate? A. The annual income generated by an investment B. The total return on an investment C. The percentage return on an investment based on its current market price D. The duration of an investment Answer: C.
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LEASEHOLD PROPERTIES UNDER THE TRANSFER OF PROPERTY ACT, 1882 What is a leasehold property under the Transfer of Property Act, 1882? a. Property owned outright b. Property held by lease agreement c. Property with joint ownership d. Property with conditional transfer Answer: b. Property held by lease agreement How
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LICENSED PROPERTY UNDER THE EASEMENT ACT, 1882 What is a license in the context of the Easement Act, 1882? a. A legal right to own property b. A permission to use or enter another person’s property c. A type of lease agreement d. A right to transfer property Answer:
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO VALUATION OF PROPERTY AFFECTED BY THE RENT CONTROL ACTS What is the primary purpose of rent control acts? a. To increase property values b. To protect tenants from arbitrary rent increases c. To encourage landlords to raise rents regularly d. To promote property speculation Answer: b. To protect tenants
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO RELATION BETWEEN INCOME AND VALUE IN REAL ESTATE 1. What is the fundamental principle underlying the income approach to real estate valuation? a) Replacement cost b) Market comparison c) Income capitalization d) Gross rent multiplier Answer: c) Income capitalization 2. In real estate, what does the term “capitalization rate”