Divya Jyoti Foundation

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Registered Valuer Organisation

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1. What sort of policy should the government use to lower inflationary pressures?

1 point

a) Expansionary Fiscal policy

b) Contractionary Fiscal policy

c) Both expansionary and contractionary in equal measures

d) None of the above.

Clear selection

2. The Reserve Bank is _________

1 point

a) Central bank

b) A branch of commercial bank

c) Use fiscal policy to influence GDP

d) None of the above

Clear selection

3. Which of the following is not a qualitative tool of the monetary policy?

1 point

a) Credit rationing

b) Consumer credit regulation

c) Open market operation

d) Both a. and b.

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4. During ________ stage, new investments are made, new employment opportunities generated

1 point

a) Peak

b) Expansion

c) Recovery

d) All of the above

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5. Which of the following may not be a part of projected financial statements?

1 point

a) Income Statements

b) Trial Balance

c) Cash Flow Statements

d) Balance Sheets

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6. The long-run objective of financial management is to:

1 point

a) Maximize earnings per share

b) Maximize the value of the firm’s common stock

c) Maximize return on investment

d) Maximize market share

Clear selection

7. Quick assets do not include

1 point

a) Government bonds

b) Books debts

c) Advance for supply of raw material

d) Inventories

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8. ________ varies inversely with profitability.

1 point

a) Liquidity.

b) Risk.

c) Financing.

d) Liabilities.

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9. In Risk-Adjusted Discount rate method, the normal rate of discount is:

1 point

a) Increased

b) Decreased

c) Unchanged

d) Can’t say

Clear selection

10. Which of the following is NOT a cash outflow for the firm?

1 point

a) Depreciation.

b) Dividends.

c) Interest payments.

d) Taxes.

Clear selection

11. Taking up assignments of company in which the relatives or associates have financial interests will affect the _________ of the valuer.

1 point

a) Independence

b) Integrity

c) Objectivity

d) Independence

Clear selection

12. __________ is a formal statement that acts as a guide for the ethics of how people within a particular organization should act and make decisions.

1 point

a) Code of ethics

b) Agreement of employment

c) Agreement for professional engagement

d) None of the above.

Clear selection

13. Purpose of valuation shall be identified in the scope of work, so that,

1 point

a) The valuation advice is not used out of content

b) Helps determine the bases of value to be used

c) Both a. and b.

d) None of the above.

Clear selection

14. The valuer shall maintain the working papers of a valuation assignment for a minimum of _________ years, for production before a regulatory authority or peer review.

1 point

a) One

b) Two

c) Three

d) Five

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15. For an organization to be registered as a registered valuers organization,

1 point

a) It has to be a company registered u/s 25 of the Companies Act, 1956

b) A professional institute established by an Act of the parliament enacted for the purpose of regulation of a profession

c) Both a. and b.

d) Either a or b

Clear selection

16. The authority may cancel the registration of a registered valuer, if

1 point

a) He violates any conditions of registration.

b) He violates the provisions of any other law for the time being in force.

c) He violates the provisions of the companies Act, 2013 or any rules made thereunder.

d) All of the above

Clear selection

17. Which of the following is not a condition for registration?

1 point

a) The valuer shall take adequate steps for redressal of grievances.

b) The valuer shall maintain records of each assignment undertaken by him for at least five years from the completion of such assignment

c) The valuer shall in his capacity as registered valuer not conduct valuation of assets other than for which it has been granted registration by the authority.

d) None of the above

Clear selection

18. When does a contract become voidable as per the indian contract Act, 1872?

1 point

a) When there has been a misrepresentation of facts.

b) When facts affecting the contract are concealed.

c) When the contracts is made under undue influence.

d) All of the above.

Clear selection

19. An agreement which is enforceable by law at the option of one or more of the parties thereto but not at the option of the other or others is

1 point

a) A valid contract

b) A void contract

c) A voidable contract

d) All of the above

Clear selection

20. Which of the following is a void contract?

1 point

a) An agreement caused by a mistake as to any law in force in India.

b) An agreement caused by one of the parties to it being under a mistake as to a mater of fact.

c) An agreement of which the object or consideration is unlawful.

d) All of the above.

Clear selection

21. Agreement contingent on impossible events are

1 point

a) Void

b) Voidable

c) Both a. and b.

d) None of the above

Clear selection

22. In a contract of guarantee the person who gives guarantee is called _____

1 point

a) Principal Debtor

b) Creditor

c) Surety

d) None of the above

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23. The person on whose default the guarantee is given is called the ______

1 point

a) Principal Debtor

b) Creditor

c) Surety

d) None of the above

Clear selection

24. A person employed to do any act for another or to represent another in dealings with third person is called _________

1 point

a) Surety

b) Guarantor

c) Agent

d) Bailee

Clear selection

25. When there is a breach of contract, the party which is aggrieved by the breach is entitled for

1 point

a) Compensation for any loss or damage caused to him thereby

b) No compensation at all

c) The penalty as stipulated in the contract

d) Both a. and c.

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