Sample Questions
IBBI Registered Valuer – Land & Building Mock Tests — 5 random MCQs with answers & explanations
← Back to IBBI Registered Valuer – Land & Building Mock TestsThese 5 questions are randomly selected (standard MCQs only, not case-based).
Q1 What is it called when a business sends back items it bought from a supplier because they were damaged or not needed?
Explanation:
A purchase return (or return outwards) reduces the amount the business owes to its suppliers.
Marks: 1
Q2 Which of the following is a non-banking function that commercial banks might perform for their customers?
Explanation:
Modern banks offer many "agency" services beyond just taking deposits, like managing trusts or transferring money.
Marks: 1
Q3 What is the legal status of an agreement based on a bet (wager) where no lawsuit can be filed to recover any winnings?
Explanation:
Wagering agreements are like gambling; the law does not recognize them as valid contracts.
Marks: 1
Q4 In India, what is the approximate percentage of the "cash-intensity" or the cash-to-GDP ratio?
Explanation:
This ratio measures how much cash is used in the economy relative to the total value of all goods and services produced.
Marks: 1
Q5 In economics, what term describes goods that are used specifically to produce other goods?
Explanation:
Capital refers to man-made assets, like machinery or tools, that are used in the production process to create more wealth.
Marks: 1
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