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MCQS AND SOLUTIONS ON LAWS RELATED TO INDUSTRIAL HEALTH AND SAFETY Which act provides for the health, safety, and welfare of workers in factories? a) The Mines Act, 1952 b) The Factories Act, 1948 c) The Industrial Disputes Act, 1947 d) The Trade Unions Act, 1926 Answer: b) The Factories Act, 1948 Under which section […]

MCQS AND SOLUTIONS ON VALUATION OF SPECIAL PROPERTIES IN INDIA: HOTELS/ CINEMAS/ MALLS/ PETROL PUMPS/ AND HILL RESORTS USING THE PROFIT METHOD In hotel valuation, which of the following is a direct cost? A. Administrative salaries B. Housekeeping supplies C. Marketing expenses D. Property taxes Answer: B. Housekeeping supplies What is RevPAR in hotel industry

MULTIPLE CHOICE QUESTIONS (MCQS) ON THE TOPIC CONTROL OF INFLATION IN INDIA: MONETARY, FISCAL, AND DIRECT MEASURES ALONG WITH THEIR ANSWERS: Which of the following is a direct measure to control inflation? A) Increasing indirect taxes B) Lowering the reverse repo rate C) Setting maximum prices for essential goods D) Conducting open market operations Answer:

MCQ RELATED TO CONTROL OF INFLATION: MONETARY/ FISCAL/ AND DIRECT MEASURES 1. Which of the following is a monetary measure to control inflation? A) Increasing income tax rates B) Reducing government spending C) Increasing the repo rate D) Subsidizing essential goods Answer: C) Increasing the repo rate 2. The Reserve Bank of India (RBI) uses

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO RELATION BETWEEN INCOME AND VALUE Which of the following describes the income effect? A) Change in consumption resulting from a change in real income B) Change in consumption resulting from a change in the price of a good C) Change in production due to technological improvements D) Change in

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO RELATION BETWEEN INCOME AND VALUE Which of the following is the best description of “Value” in the context of economics? A) The cost price of a product B) The satisfaction received from consuming a product C) The income generated from selling a product D) The amount of money needed

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO REAL PROPERTY: RIGHTS AND INTERESTS IN REAL ESTATE/TYPES OF OWNERSHIPS AND TYPES OF OCCUPANCY IN REAL ESTATE  What is the main purpose of the Real Estate (Regulation and Development) Act, 2016 (RERA)? A. To regulate rental agreements B. To protect the interests of home buyers and ensure transparency C.

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO REAL PROPERTY: RIGHTS AND INTERESTS IN REAL ESTATE/TYPES OF OWNERSHIPS AND TYPES OF OCCUPANCY IN REAL ESTATE Which of the following is considered a form of property ownership in India? A. Leasehold B. Freehold C. Both A and B D. Neither A nor B Answer: C. Both A and

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO HIGHEST AND BEST USE, VALUE IN USE, VALUE IN EXCHANGE Which factor is least likely to impact the Highest and Best Use analysis? A. Economic trends B. Legal constraints C. Personal preferences of the owner D. Physical characteristics of the property Answer: C. Personal preferences of the owner In

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO REAL PROPERTY: RIGHTS AND INTERESTS IN REAL ESTATE; TYPES OF OWNERSHIPS AND TYPES OF OCCUPANCY IN REAL ESTATE What is the term for the legal right to use and control real property in India? a) Easement b) Ownership c) Leasehold d) Tenancy Answer: b) Ownership Which type of ownership

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAND CHARACTERISTICS AND ITS EFFECT ON LAND VALUES What is the impact of deforestation on land values in forested areas of India? a) Increases land values due to availability of timber b) Decreases land values due to environmental degradation c) Has no effect on land values d) Only affects

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAND CHARACTERISTICS AND ITS EFFECT ON LAND VALUES  1. Which of the following land characteristics typically increases land value the most in urban areas of India? a) Proximity to water bodies b) High fertility for agriculture c) Proximity to transportation hubs d) Presence of forests Answer: c) Proximity to