NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAW IMPORTANCE OF TECHNICAL SPECIFICATIONS OF PME IN VALUATION EXERCISE What role do technical specifications play in the valuation of PME in India? a) They are irrelevant in the valuation process b) They are important for determining the market value c) They only matter for tax purposes d) They […]
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAW – PLANT AND MACHINERY Which act governs the taxation and depreciation of plant and machinery in India? a) Income Tax Act, 1961 b) Goods and Services Tax Act, 2017 c) Companies Act, 2013 d) Central Excise Act, 1944 Answer: a) Income Tax Act, 1961 What is the maximum
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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATED TO INDUSTRIAL HEALTH AND SAFETY Which of the following acts in India primarily deals with the health, safety, and welfare of workers in factories? A) Factories Act, 1948 B) Industrial Disputes Act, 1947 C) Workmen’s Compensation Act, 1923 D) Contract Labour (Regulation and Abolition) Act, 1970 Answer:
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO MARKET APPROACH – SALES COMPARISON METHOD IN PLANT AND MACHINERY Which of the following best describes the Sales Comparison Method in plant and machinery valuation? a) It determines the value based on the cost of replacement. b) It assesses the value by comparing similar items sold in the market.
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO VALUATION OF PLANT AND MACHINERY Which of the following methods is commonly used for the valuation of plant and machinery? a) Straight-line depreciation method b) Double-declining balance method c) Replacement cost method d) Net realizable value method Answer: c) Replacement cost method Which of the following factors is NOT
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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