WorksheetsDay 76-Dec 11-worksheet-Diploma-Valuation 2 & Estimate types
Total questions: 15
Worksheet time: 10mins
Capitalized value of a property is equal to:
Net income ÷ Year’s purchase
Net income × Year’s purchase
Gross income × Year’s purchase
Gross income ÷ Year’s purchase
In cubical content method, cost of a building is obtained by:
Multiplying plinth area with rate
Multiplying total volume with local cubic rate
Summing the cost of all items individually
Using wall-length rates
Which estimate is most reliable?
Preliminary estimate
Abstract estimate
Detailed estimate
Plinth area estimate
Which estimate is prepared when technical sanction cost exceeds by more than 5%?
Supplementary estimate
Revised estimate
Extension estimate
Improvement estimate
The owner over whose property easement rights are enjoyed is called:
Lessor
Dominant owner
Servient owner
Mortgagee
The method generally used for multi-storeyed buildings is:
Unit base method
Plinth area method
Cubical content method
Approximate quantity method
Easement rights are the rights enjoyed by one property owner over another person’s property.
True
False
Approximate estimate is the most accurate type of estimate.
True
False
Assertion–Reason Assertion (A): Revised estimate is prepared when expenditure is likely to exceed the administrative sanction by more than 10%. Reason (R): Administrative sanction amount includes contingencies of 5–10%. Choose the correct option.
Both A and R are true, and R is the correct explanation
Both A and R are true, but R is NOT the explanation
A is true, R is false
A is false, R is true
Total income from a property is known as (a) .
Amount of money whose annual interest equals net income is called (a) .
Person who enjoys easement rights over another’s property is called ____________.
Dominant owner
Servient owner
Lessor
Mortgagee
Person who takes lease is known as (a) .
Relevant document used in a mortgage transaction is called (a) .
Match the estimate or method with its correct application.
Preliminary estimate
Used for administrative approval
Cubical content method
Used for multi-storeyed buildings
Revised estimate
Prepared when cost exceeds by >5% or >10%
Annual repair estimate
Used for regular upkeep
