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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 29.05.2023 HOW TO VALUE A LEASE HOLD PROPERTY TO THE SAME FAMILY MEMBERS Question : It’s a big hotel property built on 247 cents which is in finishing stage is owned by a family of five people of two generation, part of […]
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO VOID AND VOIDABLE CONTRACT A void contract is one that is: a) Legally binding b) Invalid from the beginning c) Terminated by mutual agreement d) Suspended temporarily Answer: b) Invalid from the beginning A voidable contract is one that can be: a) Cancelled by either party
100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO PROFIT METHOD Which profit method focuses on determining the value of a business based on its ability to generate future profits? a) Net asset value method b) Market capitalization method c) Earnings capitalization method d) Replacement cost method Answer: c) Earnings capitalization method The earnings capitalization
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO PRINCIPLES OF INSURANCE AND LOSS ASSESSMENT Which of the following is NOT a principle of insurance? a) Indemnity b) Insurable interest c) Utmost good faith d) Non-disclosure Answer: d) Non-disclosure Insurable interest means: a) The insured person must have a financial stake in the subject matter
100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO FACTORY ACT, 1948: Which legislation regulates the working conditions in factories in India? a) Factory Act, 1948 b) Industrial Disputes Act, 1947 c) Employees’ State Insurance Act, 1948 d) Minimum Wages Act, 1948 Answer: a) Factory Act, 1948 The Factory Act, 1948, applies to factories employing
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100 IMPORTANT QUESTION WITH ANSWERS RELATED TO FUNCTIONS AND ROLE OF MONEY What is the function of money? Money serves as a medium of exchange, a unit of account, and a store of value. How does money facilitate transactions? Money eliminates the need for barter by providing a widely accepted medium of exchange that can
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100 IMPORTANT QUESTION WITH ANSWERS RELATED TO SINKING FUND What is a sinking fund? A sinking fund is a pool of money set aside regularly by an individual or organization to pay off a debt or fund a future liability. Why is a sinking fund important? A sinking fund helps ensure that funds are
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100 IMPORTANT QUESTION WITH ANSWERS RELATED TO INDIAN EASEMENT ACT What is the Indian Easement Act? Answer: The Indian Easement Act is a legislation that deals with the rights and liabilities associated with easements in India. When was the Indian Easement Act enacted? Answer: The Indian Easement Act was enacted in the year
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IMPORTANT QUESTION WITH ANSWERS RELATED TO ENVIRONMENTAL ISSUES IN VALUATION What is environmental valuation? Environmental valuation refers to the process of assigning a monetary value to the environment or its components for the purpose of decision-making. Why is environmental valuation important? Environmental valuation helps in understanding the economic significance of environmental resources and the
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IMPORTANT QUESTION WITH ANSWERS RELATED TO INSOLVENCY AND BANKRUPTCY CODE 2016 What is the Insolvency and Bankruptcy Code (IBC) 2016? Answer: The IBC 2016 is a legislation in India that consolidates and amends the laws related to insolvency resolution and bankruptcy. What is the objective of the Insolvency and Bankruptcy Code 2016? Answer: The
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IMPACT OF GOVERNMENT FISCAL POLICY ON ECONOMIC GROWTH Introduction Fiscal policy refers to the government’s use of taxation and expenditure measures to influence the economy. It plays a crucial role in shaping a country’s economic growth and development. By adjusting taxes, government spending, and borrowing, fiscal policy can have a significant impact on various sectors
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 28.04.2023 Let us refresh our knowledge. RIGHT OR WRONG – 1 (Article by B. K. Aruna) 1. From FY 2017-18, the criteria of 36 months have been reduced to 24 months for short-term capital gain. This statement is _____. 2. When