NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
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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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
Ten points relevant to panel valuers in the observation of the courts Read More »
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.