NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAW OF ARBITRATION AND CONCILIATION Which of the following is a primary objective of the Arbitration and Conciliation Act? A) Mandating litigation over arbitration B) Encouraging alternative dispute resolution C) Discouraging settlements D) None of the above Answer: B) Encouraging alternative dispute resolution Who can appoint an arbitrator […]
100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO INDIAN LEGAL SYSTEM Which of the following is the supreme law of India? A) Indian Penal Code B) Constitution of India C) Code of Criminal Procedure D) Indian Evidence Act Answer: B) Constitution of India The Indian legal system is primarily based on which legal system? A) Roman
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100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO CAPITAL AND INTEREST What is the definition of capital? A) Money used for investment B) The profit earned from an investment C) The total assets owned by a company D) The interest accrued on an investment Answer: A) Money used for investment Which of the following is NOT
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100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS OF CONTRACT Which of the following is essential for a valid contract? A) Offer and acceptance B) Consideration C) Legal capacity D) All of the above Answer: D) All of the above An offer must be communicated to: A) A specific person B) A group of people
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO THEORY OF RENT Which economist is famously associated with the theory of rent? a) Adam Smith b) David Ricardo c) John Maynard Keynes d) Karl Marx Answer: b) David Ricardo Rent in economic terms refers to: a) Money paid for the use of capital b) Payment
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT 1952 Which Act governs the Employees’ Provident Funds (EPF) in India? a) Employees’ State Insurance Act, 1948 b) Payment of Gratuity Act, 1972 c) Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 d) Minimum Wages Act, 1948 Answer:
100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO QUANTITY SURVEYING AND VALUATION What is the primary role of a quantity surveyor? a) Cost estimation and budgeting b) Quality control and assurance c) Project scheduling and planning d) Risk management and mitigation Answer: a) Cost estimation and budgeting Which of the following is NOT a typical responsibility
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IMPORTANT QUESTIONS WITH ANSWERS RELATED TO COST APPROACH TO VALUE What is the Cost Approach to Value primarily used for? a. Residential property b. Commercial property c. Agricultural land d. Historic landmarks Answer: b. Commercial property Which of the following is NOT a step in the Cost Approach to Value? a. Estimate the cost to
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STUDY MATERIAL STUDY MATERIAL OF MEP SESSION MCQ BANK FOR ALL ASSET CLASSES ONLY FOR THE MEMBERS OF CEV IAF RVO
MCQ BANK ONLY FOR THE MEMBERS OF CEV IAF RVO Read More »
IMPORTANT QUESTIONS WITH ANSWERS RELATED TO YEARS PURCHASE IN MACHINERY VALUATION What is Years Purchase in Machinery Valuation? a) A method used to calculate depreciation b) A method to estimate the number of years a machine will be in use c) A method to determine the market value of machinery d) A method to calculate
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IMPORTANT QUESTIONS WITH ANSWERS RELATED TO BOOK-KEEPING AND ACCOUNTANCY What is the primary purpose of bookkeeping? a. To record and summarize financial transactions b. To promote a company’s products c. To analyze market trends d. To manage human resources Answer: a. To record and summarize financial transactions Which of the following is not an essential
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 14.09.2023 Ten points to be remembered by a valuer who does not want to face any enquiry : 1. Know the purpose of valuation and certify the value accordingly. 2. Mention in your report clearly that your report should not be used for any other
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