AIIOVF Online Assessment Test-1 for mock test LB
This is mock test for preparation of exam
Gradual shifting of a time series over a long period of time is called as __________.
A valuer shall act with objectivity in his professional dealings by ensuring that his decisions are made ________.
without the presence of any bias
with undue influence of any party
If two events A and B are mutually exclusive, the probability of occurrence of either A or B is__________.
difference between individual probabilities of A and B
sum of the individual probabilities of A and B
one minus sum of the probabilities of A and B
The value at the end of utility period of the asset without being dismantled is called ____ value.
Which of the following is not true about Ricardian theory of rent?
Rent increases with increase in population.
Rent is surplus above cost.
Rent is unearned income.
Rent arises only in the short run.
For a real estate construction company, which of the following are not part of Profit and Loss Statement?
Revenue from apartment sales
Interest paid to lenders
Cash deposited in bank
Where, on a transfer of property, an interest therein is created in favour of a person to take effect only on the happening of a specified event, such interest is called _________.
Which planning provision is required around the battery limit of industry and for industry having odour problem?
No development zone
Special permission zone
Industrial regulation zone
Which of the following is not a requirement of a contract?
A market which has only one seller selling a homogeneous product to many buyers, is known as _______.
Other things remaining same, the law of demand states __________.
the higher the price, the higher the quantity demanded
the higher the price, the higher the quantity supplied
the higher the price, the lower the quantity demanded
the higher the price, the lower the quantity supplied
Discount received is recorded on which side of a cash book?
Which of the following legislations does not provide for pollution control?
The Water (Prevention and Control of Pollution) Act, 1974
The Air (Prevention and Control of Pollution) Act, 1974
The Environment (Protection) Act, 1986
The Technology (Transfer of Abuse) Act, 2007
A mortgage is a transfer of an interest in a specific immovable property for the purpose of securing __________.
the payment of money advanced by way of loan
fully paid up debts
transfer of ownership of property
transfer of rights to sublease
Which of the following is an example of secondary sector of an economy?
What is the subject matter of valuation?
Interest in a propert
Land and Building
Which of the following statements is not true about factors of production?
Land means natural resources.
Labour means human resources.
Capital means financial resources.
Entrepreneurship means pursuit of opportunity beyond resources controlled.
Which of the following factor is not physical yet affects the valuation of the subject property?
Damages to the building
Gross Domestic Product
If a person has an income of Rs.30000 and his consumption is Rs.10000, then his propensity to save is____.
Real estate has some _______and, therefore, has a value.
characteristics of non-marketable and non-investment property
Under the Right to Fair Compensation and Transparency in the Land Acquisition and Rehabilitation Act, 2013, market value is decided by the collector as per________.
circle rate/guidelines rates of last 5 years
the average of the sale price for similar type of land being acquired, ascertained from the highest fifty per cent of the sale deeds registered during the preceding three years in the nearest village or nearest vicinity of the land being acquired
purchase price of adjoining land
purchase price paid by the owner at the time of purchase of land which is to be acquired
Property is a ___ concept.
A valuer, while respecting the confidentiality of information acquired during the course of performing professional services, shall maintain proper working papers for a period of ______.
2 years or such shorter period as required in its contract for a specific valuation
3 years or such longer period as required in its contract for a specific valuation
Integrity of registered valuer is seriously affected by ____.
misrepresenting any facts or situations
ignoring public interest
Which of the following would have effect on development potential and values of properties?
Floor space index
size and height of rooms
provision of utility services in a building
As per the Transfer of Property Act, 1882, immovable property includes ______.
things permanently fastened to anything attached to the earth
Value is an estimate of what ______ ought to be.
Section 231 (2) of the Companies Act, 2013 empowers a tribunal to __________, if it is satisfied that the compromise sanctioned under section 230 cannot be implemented satisfactorily, and the company is unable to pay its debts as per the scheme.
wind up the company
restructure the debt
call for rearrangement
replace the management
Which of the following is not correct about functions of money?
It is a medium of exchange.
It is a measure of economic power.
It is a standard of deferred payments.
It is a store of value.
As per section 36 of the Insolvency and Bankruptcy Code, 2016, the liquidator shall hold the liquidation estate ___________.
as an agent of debtor
as an agent of committee of creditors
as a fiduciary for the benefit of all the creditors
as a fiduciary for the benefit of all the stakeholders
Which of the following is not a cause of demand-pull inflation?
Increase in wages and salaries
Increase in Government spending
Increase in interest rates
Increase in exports
In a right skewed frequency distribution, __________.
mean is typically greater than the median
mean is typically less than the median
mean is typically less than the mode
mean is equal to mode which is equal to median
Which of the following is not a duty of the valuer?
To verify ownership in document and occupancy on actual site
To identify plot number in document as well as on-site
To be responsible for correctness of survey findings by his assistant
To investigate title of the property to be valued
When numbers are associated with weights, then obtained mean is said to be _______.
weighted arithmetic mean
As per the Real Estate (Regulation and Development) Act, 2016, what percentage of collections needs to be deposited by developers in Escrow accounts towards the cost of construction including that of land?
The Hindu Succession Act, 1956 does not apply to ______.
a follower of the Arya Samaj
a Sikh by religion
a child both of whose parents are Jains by religion
a person who is a convert to Christian
Right to property is a ___ right.
Difference between variable cost per unit and selling price can be classified as______ margin per unit.
Which of the following items cannot be transferred under Inheritance/Succession laws in India?
Personal movable property
Property not owned by self
In double entry system, accounts are primarily classified in to ___________.
Receiver account & Giver account
Income account & Expenses account
Real account & Nominal account
Personal Account & Impersonal account
Technology that permits safe, efficient, and inexpensive clean-up of contaminants in property tends to minimise _________ in asset value.
Proposed dividend is shown in the Balance Sheet of a company under the head _____.
reserves and surplus
How are Gross Domestic Product (GDP) and Gross National Product (GNP) related?
GNP = GDP – NR + NP
GNP = GDP + NR - NP
GNP = GDP + EX - IM
GNP = GDP -EX + IM
A gives Rs. 5,00,000 to B on condition that he shall marry A’s daughter C. At the date of transfer, C was dead. The transfer is void ______.
it is forbidden by the law
court regards it as immoral or opposed to public policy
it is impossible to fulfil the condition
it is immoral transfer
Which of the following is not covered under the Indian Forest Act, 1927?
The price that would tend to prevail in a free, open and competitive market on the basis of equilibrium set by the forces of demand and supply is called ______.
value in exchange
value in use
Performance of contract is one of the methods to__________.
create a new contract
set-aside a contract
make a contract void
discharge a contract
The price elasticity of demand measures the change in the quantity demanded of a service in relation to a change in its price when nothing but the ___________ changes.
The approach to valuation of rented properties depends on_________.
nature and behaviour of landlords
category of tenants - tenant protected or not protected under the applicable rent act
rent paying capacity of the tenant
cordial and homely relationship between landlord and tenant
In case of a ___________, the duty is one imposed by the law and is owed to the community at large.
Send me a copy of my responses.
Page 1 of 1
Never submit passwords through Google Forms.
This content is neither created nor endorsed by Google.
Terms of Service