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Question 1 reset
A market which has only one seller selling a homogeneous product to many buyers is known as:
Question 2 reset
Theories of factor of production consider __________ to be the reward for the entrepreneur.
Question 3 reset
If a person has an income of Rs.30,000 and his consumption is Rs.10,000, then his propensity to save is:
Question 4 reset
Investment does not depend significantly upon the __________.
Question 5 reset
Which of the following is not a characteristic of the informal economy?
Question 6 reset
In double entry system, accounts are primarily classified into __________.
Question 7 reset
For a real estate construction company, which of the following is not part of Profit and Loss statement?
Question 8 reset
Difference between selling price and variable cost per unit can be classified as______ per unit.
Question 9 reset
Which chapter of the Constitution of India is non-justiciable in a court of law?
Question 10 reset
A contract to perform the promise, or discharge the liability, of a third person in case of default is known as:
Question 11 reset
In case of a __________, the duty is one imposed by the law and is owed to the community at large.
Question 12 reset
A Tort is right:
Question 13 reset
When value of variables are associated with weights, then the mean obtained is said to be _______.
Question 14 reset
The patterns of change within a year that tend to repeat from previous period is called ________.
Question 15 reset
Technology that permits safe, efficient, and inexpensive clean-up of contaminants in property tends to minimise __________ in asset value.
Question 16 reset
Which planning provision is required around the battery limit for an industry having odour problem?
Question 17 reset
In which of the following Act, provisions for health and safety in industries are covered?
Question 18 reset
Which of the following is not a conduct most people associate with ethical behaviour?
Question 19 reset
As an independent valuer, the valuer should not charge________fee.
Question 20 reset
Professional independence is a subset of which one of the following pairs of fundamental principles?
Question 21 reset

Attempt given questions based upon the following case studies.

An owner purchased a piece of land measuring about 350 m² and constructed a bungalow of ground and one upper floor for his personal use some 30 years back. The bungalow is of first-class construction having a future economic life of 40 years and has got the total built-up area of 300 m². The owner now desires to sale the same and has received an offer of Rs.55 lakhs with vacant possession or in the alternative he has been offered a gross yearly rent of Rs.2,00,000 for the bungalow and the plot together. There is good demand for such property in the locality. Other information is as follows:

  • Value of land in the locality for similar plots = Rs.8000 per sq.m.
  • Present replacement cost of such a bungalow = Rs.15,000 per sq.m.
  • Total outgoings = 15 per cent of the gross rent
  • Annual sinking fund for redemption of Re. 1 at 5 per cent in 70 years = 0.0017
  • Amount of Re. 1 per annum in 30 years at 5 per cent= Rs.66.439
  • Year’s purchase at 3% in perpetuity = 33.33

Question

What is the amount of depreciation of the bungalow?

Question 22 reset

Attempt given questions based upon the following case studies.

An owner purchased a piece of land measuring about 350 m² and constructed a bungalow of ground and one upper floor for his personal use some 30 years back. The bungalow is of first-class construction having a future economic life of 40 years and has got the total built-up area of 300 m². The owner now desires to sale the same and has received an offer of Rs.55 lakhs with vacant possession or in the alternative he has been offered a gross yearly rent of Rs.2,00,000 for the bungalow and the plot together. There is good demand for such property in the locality. Other information is as follows:

  • Value of land in the locality for similar plots = Rs.8000 per sq.m.
  • Present replacement cost of such a bungalow = Rs.15,000 per sq.m.
  • Total outgoings = 15 per cent of the gross rent
  • Annual sinking fund for redemption of Re. 1 at 5 per cent in 70 years = 0.0017
  • Amount of Re. 1 per annum in 30 years at 5 per cent= Rs.66.439
  • Year’s purchase at 3% in perpetuity = 33.33

Question

What will be the depreciated replacement cost of the bungalow?

Question 23 reset

Attempt given questions based upon the following case studies.

An owner purchased a piece of land measuring about 350 m² and constructed a bungalow of ground and one upper floor for his personal use some 30 years back. The bungalow is of first-class construction having a future economic life of 40 years and has got the total built-up area of 300 m². The owner now desires to sale the same and has received an offer of Rs.55 lakhs with vacant possession or in the alternative he has been offered a gross yearly rent of Rs.2,00,000 for the bungalow and the plot together. There is good demand for such property in the locality. Other information is as follows:

  • Value of land in the locality for similar plots = Rs.8000 per sq.m.
  • Present replacement cost of such a bungalow = Rs.15,000 per sq.m.
  • Total outgoings = 15 per cent of the gross rent
  • Annual sinking fund for redemption of Re. 1 at 5 per cent in 70 years = 0.0017
  • Amount of Re. 1 per annum in 30 years at 5 per cent= Rs.66.439
  • Year’s purchase at 3% in perpetuity = 33.33

Question

What will be the insurable value for reinternment policy?

Question 24 reset

Attempt given questions based upon the following case studies.

An owner purchased a piece of land measuring about 350 m² and constructed a bungalow of ground and one upper floor for his personal use some 30 years back. The bungalow is of first-class construction having a future economic life of 40 years and has got the total built-up area of 300 m². The owner now desires to sale the same and has received an offer of Rs.55 lakhs with vacant possession or in the alternative he has been offered a gross yearly rent of Rs.2,00,000 for the bungalow and the plot together. There is good demand for such property in the locality. Other information is as follows:

  • Value of land in the locality for similar plots = Rs.8000 per sq.m.
  • Present replacement cost of such a bungalow = Rs.15,000 per sq.m.
  • Total outgoings = 15 per cent of the gross rent
  • Annual sinking fund for redemption of Re. 1 at 5 per cent in 70 years = 0.0017
  • Amount of Re. 1 per annum in 30 years at 5 per cent= Rs.66.439
  • Year’s purchase at 3% in perpetuity = 33.33

Question

What will be the market value of the property by income approach?

Question 25 reset

Attempt given questions based upon the following case studies.

A business man purchased a plot of 1000 Sq.mt. in a posh locality of a city in the year 1987 for a price of Rs. 30,00,000. In the year 1988, he constructed a residential bungalow having 300 Sq.mt. built up floor area at ground level and 100 Sq.mt. built up area at first floor level at the cost of Rs. 14,00,000. Prevalent replacement cost of similar bungalow as on today is Rs. 30,000 per Sq.mt. Prevalent land price in the locality at present is Rs. 60,000 per Sq.mt. Age of building is 30 years and the total life of the building is 60 years.

Question

What will be the depreciation amount of the bungalow by adopting straight line method of depreciation and considering scrap value at 10 %?

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