Here are 20 multiple-choice quiz questions on real estate in India, along with their answers:
1. What is the regulatory body for real estate in India?
a) SEBI
b) RERA
c) IRDA
d) RBI
Answer: b) RERA
2. When was the Real Estate (Regulation and Development) Act passed?
a) 2016
b) 2018
c) 2012
d) 2020
Answer: a) 2016
3. What is the main objective of RERA?
a) Regulate the stock market
b) Protect the interests of home buyers
c) Control property prices
d) Provide subsidies to builders
Answer: b) Protect the interests of home buyers
4. Which of the following is the largest real estate market in India?
a) Delhi-NCR
b) Mumbai Metropolitan Region
c) Bengaluru
d) Chennai
Answer: b) Mumbai Metropolitan Region
5. What is the Goods and Services Tax (GST) rate on under-construction properties in India?
a) 12%
b) 18%
c) 5%
d) 8%
Answer: c) 5%
6. What does FSI stand for in real estate?
a) Floor Space Index
b) Fixed Sale Interest
c) Financial Security Investment
d) First Sale Inspection
Answer: a) Floor Space Index
7. What is the maximum tenure allowed for a home loan in India?
a) 15 years
b) 20 years
c) 30 years
d) 35 years
Answer: c) 30 years
8. Which Indian city is known as the "Silicon Valley of India" and has a booming real estate sector?
a) Hyderabad
b) Bengaluru
c) Pune
d) Chennai
Answer: b) Bengaluru
9. What is the stamp duty rate in Maharashtra for property registration?
a) 3%
b) 5%
c) 7%
d) 2%
Answer: b) 5%
10. Which type of real estate includes malls, office buildings, and retail shops?
a) Residential
b) Commercial
c) Industrial
d) Agricultural
Answer: b) Commercial
11. What is "Benami Property"?
a) Property owned by NRIs
b) Property bought under a false name
c) Property held by a company
d) Agricultural land
Answer: b) Property bought under a false name
12. What is the term used for a legal document that proves property ownership?
a) Sale Deed
b) Rental Agreement
c) Lease Deed
d) Encumbrance Certificate
Answer: a) Sale Deed
13. Which Indian government scheme promotes affordable housing?
a) PMAY (Pradhan Mantri Awas Yojana)
b) RERA
c) Make in India
d) Smart Cities Mission
Answer: a) PMAY (Pradhan Mantri Awas Yojana)
14. What does "carpet area" refer to in real estate?
a) Total built-up area of a property
b) Usable floor area within the walls
c) Area covered by carpets in a house
d) Common area shared by residents
Answer: b) Usable floor area within the walls
15. What is "leasehold property"?
a) Property owned permanently
b) Property rented for more than 12 months
c) Property owned for a fixed term
d) Property given as a gift
Answer: c) Property owned for a fixed term
16. Which city in India has the highest real estate prices?
a) Delhi
b) Mumbai
c) Bengaluru
d) Hyderabad
Answer: b) Mumbai
17. What is the role of a real estate broker?
a) Construct buildings
b) Provide legal advice
c) Facilitate property transactions
d) Approve building plans
Answer: c) Facilitate property transactions
18. What is a "pre-launch offer" in real estate?
a) An official project announcement
b) A discount before project approval
c) A government scheme for real estate
d) A builder's financial investment
Answer: b) A discount before project approval
19. Which of the following factors influence property prices in India?
a) Location
b) Infrastructure development
c) Demand and supply
d) All of the above
Answer: d) All of the above
20. What is an "Encumbrance Certificate" used for?
a) Verifying property disputes and loans
b) Registering a new property
c) Calculating property tax
d) Approving building plans
Answer: a) Verifying property disputes and loans
Let me know if you want more questions or a specific focus area in real estate!
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