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MCQs focusing on valuation concepts, methods, and statutory relevance.

Valuation- Practice Test

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A valuer should wherever necessary disclose to the clients, possible sources of conflicts of duties and interests while providing____ services:

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A valuer should have a duty to carry out with care and skill, the instructions of the client insofar as they are compatible with the requirements of integrity, objectivity and_______

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As an .......valuer, the valuer should not charge a success fee:

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Valuer shall......... professional services in accordance with the relevant technical and professional standards that may be specified from time to time.

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A valuer should act with objectivity in his/its professional dealings by ensuring that his/its decisions are made without the presence of any bias, conflict of interest, coercion, or undue influence of any ________ whether directly connected to the valuation assignment or not:

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A valuer shall maintain the integrity by being honest, straightforward, and ______ in all professional relationships:

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A Valuer shall not conduct business which in the opinion of the authority or the registered Value organisation discredits the:

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A Complaint may be filed against a registered valuer or registered valuer organization before the authority along with a non-refundable fee of _______

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A valuer shall refrain from being involved in any action that would bring....... to the profession:

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In any fairness opinion or independent expert opinion submitted by a valuer, if there has been a prior engagement in an unconnected transaction, the valuer shall declare the association with the company during the last…......

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Valuation Standards for valuers will be notified by________

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Who has not been convicted by any competent court for an offense punishable with imprisonment for a term .......or for an offense involving moral turpitude, he is eligible to act as a valuer?

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Conduct of valuation under any other law other than the Act or these rules by any person...... be affected by virtue of coming into effect of these rules:

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Certificate of registration – means the certificate of registration granted to a valuer, under

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Which of the following entity is not eligible for to be registered as valuer?

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Valuer shall maintain records of each assignment undertaken by him for at least ………………. from the …….. of such assignment.

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“Valuer” means a person registered with

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Who cannot be eligible to become registered valuer?

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A valuer shall carry out professional services in accordance with the relevant __________ standards that may be specified from time to time.

 

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Who is eligible to become registered valuer?

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Who is eligible to become a registered valuer?

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“Asset class” means a ………….. group of assets, such as land and building, machinery and equipment, displaying similar characteristics, that can be classified and requires a separate set of valuers for valuation.

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“Valuation Standards” means the standards on valuation referred to in rule _______

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Which of the following rule deal with the eligibility of registered valuer?

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A valuer shall maintain the integrity by using honest, straightforward and ………………….. approach in all professional relationship:

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A valuer shall not conduct business which in the opinion of the authority or the registered Valuer Organisation discredits the __________

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A Valuer shall refrain from being involved in any action that would bring …………. to the profession:

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In all fairness, opinion or independent expert opinion submitted by a valuer, if there has been a prior engagement in an unconnected transaction, the valuer shall declare the association with the company during the last ………….

 

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Valuation Standards for valuers will be notified by -

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A valuer appointed under this chapter shall not undertake a valuation of any assets in which he has a direct or indirect interest or becomes so interested at any time during a period of ______ years prior to this appointment as valuer or ______ years after the valuation of assets was conducted by him.

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A valuer should not use or divulge to other clients or any other party any confidential information about the subject company, which has come to his/its knowledge without proper and specific authority or unless there is a _________

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A valuer shall not offer gifts or hospitality or a financial or any other _______ to a public servant or any other person.

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A Valuer shall _______ maintain professional knowledge and skill to provide competent professional service based on up to date developments in practice, prevailing regulations/guidelines, and techniques.

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Regulatory authority for Registered Valuer is:

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