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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO GIFFEN GOODS Giffen goods are named after whom? a) Alfred Marshall b) Robert Giffen c) William Jevons d) Adam Smith Answer: b) Robert Giffen Giffen goods are a type of: a) Inferior goods b) Luxury goods c) Normal goods d) Complementary goods Answer: a) Inferior […]
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200 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO LAND ACQUISITION ACT 2013 The Land Acquisition Act, 2013 in India replaced which earlier legislation? a) Land Acquisition Act, 1894 b) Land Acquisition Act, 1956 c) Land Acquisition Act, 1962 d) Land Acquisition Act, 1974 Answer: a) Land Acquisition Act, 1894 Which ministry is responsible
100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO RERA What does RERA stand for? a) Real Estate Regulatory Act b) Residential Establishment Regulatory Act c) Real Estate Regulation Authority d) Residential Estate Regulation Act Answer: a) Real Estate Regulatory Act RERA was enacted by which legislative body? a) Parliament of India b) State
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO COST APPROACH The Cost Approach is a method used in real estate appraisal to determine the value of a property based on: a) Market demand b) Comparable sales c) Replacement cost d) Income potential Answer: c) Replacement cost Which of the following is NOT considered in
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO ENVIRONMENT (PROTECTION) ACT, 1986 Which Act in India deals with the prevention and control of air pollution? a) Environment (Protection) Act, 1986 b) Air (Prevention and Control of Pollution) Act, 1981 c) Water (Prevention and Control of Pollution) Act, 1974 d) Wildlife Protection Act, 1972 Answer:
100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO WATER (PREVENTION AND CONTROL OF POLLUTION) ACT, 1974 Which year was the Water (Prevention and Control of Pollution) Act, 1974 enacted? a) 1970 b) 1972 c) 1974 d) 1976 Answer: c) 1974 What is the objective of the Water (Prevention and Control of Pollution) Act, 1974?
Which year was the Indian Forest Act, 1927 enacted? a. 1927 b. 1930 c. 1947 d. 1950 Answer: a. 1927 The Indian Forest Act, 1927 was introduced during the colonial rule of which country? a. Britain b. France c. Portugal d. Netherlands Answer: a. Britain What was the main objective of the Indian
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO ENVIRONMENTAL ISSUES IN VALUATION Which of the following refers to the process of determining the economic value of an asset, taking into account its environmental impacts? a) Environmental assessment b) Environmental audit c) Environmental valuation d) Environmental monitoring Answer: c) Environmental valuation Environmental valuation is used
200 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO BURDEN OF PROOF-INDIAN EVIDENCE ACT 1875 1. In which section of the Indian Evidence Act, 1872 is the concept of “burden of proof” defined? a) Section 101 b) Section 102 c) Section 103 d) Section 104 Answer: a) Section 101 2. The burden of proving
100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO PRICE MECHANISM What is the price mechanism? a) The process of setting prices in a centrally planned economy b) The mechanism through which prices are determined in a market economy c) A government regulation that sets maximum prices for goods and services d) The process of
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100 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO TIME SERIES & INDEX NUMBERS Time series analysis involves studying data points collected over a _______. a) Specific time period b) Random time period c) Future time period d) Variable time period Answer: a) Specific time period Which of the following is an example of a
200 IMPORTANT MULTIPLE CHOICE QUESTIONS WITH ANSWERS RELATED TO LAW OF EVIDENCE Which of the following is not a type of evidence under the Indian Evidence Act? a) Oral evidence b) Documentary evidence c) Circumstantial evidence d) Expert evidence Answer: d) Expert evidence The Indian Evidence Act, 1872, is applicable to which part of
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