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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

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO REMUNERATIVE RATE OF INTEREST AND ACCUMULATIVE RATE OF INTEREST What is the remunerative rate of interest? A. The rate at which banks lend to the central government B. The rate at which banks offer interest on deposits to customers C. The rate at which the central bank lends to

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO MACHINE TOOLS/ FACTORY/ UTILITY EQUIPMENT AND ELECTRICAL INSTALLATIONS Which of the following is NOT a commonly used Machine Tool in Indian industries? A) Lathe B) Milling Machine C) Vacuum Cleaner D) Grinding Machine Answer: C) Vacuum Cleaner Which type of factory layout is commonly used in Indian manufacturing industries

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO CHARACTERISTICS AND APPROACHES TO VALUE INVESTMENT PROPERTY Which of the following is a key characteristic of investment property? A. High liquidity B. Owner-occupied C. Generates rental income D. Short-term holding period Answer: C. Generates rental income The income approach to valuing investment property primarily focuses on: A. Replacement cost

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INHERITANCE/SUCCESSION What is the minimum age for a person to be eligible to inherit property under Indian law? A) 18 years B) 21 years C) 25 years D) 30 years Answer: A) 18 years Which of the following acts governs the inheritance laws for Hindus in

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO URBAN INFRASTRUCTURE AND ITS INFLUENCE ON VALUE OF REAL ESTATE Which of the following urban infrastructure developments is most likely to increase real estate values in a city? A. Improved public transportation networks B. Construction of new shopping malls C. Development of public parks D. Expansion of industrial zones

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LESSOR AND LESSEE IN INDIA Which type of lease is typically shorter-term and does not transfer ownership of the asset to the lessee? a) Finance Lease b) Operating Lease c) Sale and Leaseback d) Sublease Answer: b) Operating Lease A lease where the lessee can purchase the asset at

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO COST APPROACH TO VALUE What does the Cost Approach to Value primarily focus on? A) Market demand and supply B) Replacement cost of the property C) Rental income potential D) Historical value of the property Answer: B) Replacement cost of the property Which of the following is NOT considered

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INHERITANCE/SUCCESSION Which of the following heirs are not included in Class I heirs under Hindu Succession Act, 1956? A. Sons B. Daughters C. Widow D. Cousins Answer: D. Cousins Which of the following is not a recognized share under Muslim inheritance law? A. 1/2 B. 1/4