NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
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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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 13.09.2023 Ten Case Laws relevant to panel valuers in the observation of the courts : 1. A valuer is not an expert to test the genuineness of the documents. – L.N. Rajagopalan Vs State – CRL.R.C.No. 1063 of 2008 – Madras High court 10.08.2009. 2.
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 12.09.2023 Ten points relevant to panel valuers in the observation of the courts : 1. A valuer is not an expert to test the genuineness of the documents. 2. A valuer is not competent to certify the genuineness of the title. 3. A valuer is
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 11.09.2023 Ten points to be remembered by a registered valuer when he wants to do valuation for capital gains : 1. Before accepting the valuation assignment, the valuer must know clearly for what section of Income Tax Act, he is required to do valuation. 2.
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 10.09.2023 Ten points to be borne in mind while valuing a flat : 1. The market value of a flat depends on i) location of apartment building in total ii) location of the specific floor in the apartment building iii) location of the flat in
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 09.09.2023 Ten points to be remembered by a SARFAESI valuer : 1. Value varies with purpose. The purpose of valuation under SARFAESI Act is to certify the auction value. 2. Before undertaking the assignment, ascertain first whether the property is a SARFAESI compliant property. 3.
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IMPORTANT QUESTION WITH ANSWERS RELATED TO DEMAND AND SUPPLY What is the law of demand? a) As price increases, demand increases b) As price increases, demand decreases c) As price increases, supply decreases d) As price increases, supply increases Answer: b) As price increases, demand decreases What does the demand curve represent? a) The relationship
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IMPORTANT QUESTION WITH ANSWERS RELATED TO REPLACEMENT COST AND REPRODUCTION COST What is the replacement cost of an asset? A) The cost to buy a brand-new asset B) The cost to repair the existing asset C) The market value of the asset D) The original purchase price of the asset Answer: A) The cost
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