MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATED TO REAL ESTATE
Which act regulates the real estate sector in India to ensure transparency and protect consumer interests?
a) Indian Contract Act
b) Transfer of Property Act
c) Real Estate (Regulation and Development) Act, 2016
d) Indian Easements Act
Answer: c) Real Estate (Regulation and Development) Act, 2016
Under the RERA Act, what is the minimum percentage of customer advances that developers must deposit in a separate escrow account?
a) 50%
b) 60%
c) 70%
d) 80%
Answer: c) 70%
What is the primary objective of the Real Estate (Regulation and Development) Act, 2016?
a) To promote real estate investments
b) To regulate and promote the real estate sector by ensuring transparency and accountability
c) To control the prices of real estate properties
d) To nationalize the real estate sector
Answer: b) To regulate and promote the real estate sector by ensuring transparency and accountability
Which authority is responsible for the registration of real estate projects and agents under RERA?
a) National Real Estate Authority
b) State Real Estate Regulatory Authority
c) District Real Estate Office
d) Municipal Real Estate Department
Answer: b) State Real Estate Regulatory Authority
What is the penalty for a developer if they do not comply with the orders or decisions of the RERA Authority?
a) Imprisonment up to 1 year
b) Penalty of up to 5% of the estimated cost of the real estate project
c) Both imprisonment and penalty
d) Permanent ban from future projects
Answer: b) Penalty of up to 5% of the estimated cost of the real estate project
Which document is mandatory for a real estate agent to engage in the business of selling or marketing real estate properties under RERA?
a) Property Sale Agreement
b) Real Estate Agent License
c) Land Deed
d) Builder’s Certificate
Answer: b) Real Estate Agent License
What is the time limit for the adjudication of complaints under RERA?
a) 30 days
b) 60 days
c) 90 days
d) 120 days
Answer: c) 60 days
Which of the following is NOT a function of the Real Estate Regulatory Authority under RERA?
a) Regulate the real estate sector
b) Ensure project registration
c) Resolve disputes between developers and buyers
d) Provide financing for real estate projects
Answer: d) Provide financing for real estate projects
What is the maximum penalty for a developer if they fail to register their project under RERA before advertising or selling?
a) 5% of the project cost
b) 10% of the project cost
c) 15% of the project cost
d) 20% of the project cost
Answer: b) 10% of the project cost
Which body is constituted to hear appeals against the decisions of the RERA Authority?
a) Real Estate Appellate Tribunal
b) National Consumer Disputes Redressal Commission
c) Supreme Court of India
d) State High Court
Answer: a) Real Estate Appellate Tribunal
Which of the following must be maintained by a promoter as per RERA?
a) Record of sales and bookings
b) Financial statements
c) Legal documents
d) All of the above
Answer: d) All of the above
Which section of the RERA Act mandates the registration of real estate projects?
a) Section 3
b) Section 5
c) Section 7
d) Section 9
Answer: a) Section 3
Which of the following is NOT a document required for registration of a real estate project under RERA?
a) PAN card of the promoter
b) Layout plan
c) Environmental clearance
d) Tenant agreements
Answer: d) Tenant agreements
Which of the following acts primarily deals with the transfer of property in India?
a) Indian Contract Act
b) Transfer of Property Act, 1882
c) Registration Act, 1908
d) Indian Succession Act, 1925
Answer: b) Transfer of Property Act, 1882
Under the Transfer of Property Act, 1882, a lease of immovable property from year to year, or for any term exceeding one year, must be made by which instrument?
a) Oral agreement
b) Registered instrument
c) Handshake
d) Email confirmation
Answer: b) Registered instrument
Which of the following is a mandatory clause in a sale deed?
a) Agreement to sell
b) Payment schedule
c) Indemnity clause
d) Description of property
Answer: d) Description of property
Who is responsible for the payment of stamp duty in a real estate transaction?
a) Buyer
b) Seller
c) Both buyer and seller equally
d) Real estate agent
Answer: a) Buyer
Which Act governs the registration of documents relating to property transactions in India?
a) Indian Registration Act, 1908
b) Indian Easements Act, 1882
c) Indian Stamp Act, 1899
d) Indian Contract Act, 1872
Answer: a) Indian Registration Act, 1908
In which court can disputes under the RERA Act be filed?
a) District Court
b) High Court
c) RERA Authority
d) Supreme Court
Answer: c) RERA Authority
What is the main purpose of the Indian Stamp Act, 1899?
a) To regulate land use
b) To control real estate prices
c) To provide for the levy of stamp duty on documents
d) To manage the land records
Answer: c) To provide for the levy of stamp duty on documents
Which of the following is a key feature of the Real Estate (Regulation and Development) Act, 2016?
a) Fast-track dispute resolution mechanism
b) Exemption from all taxes for developers
c) Compulsory government ownership of all real estate projects
d) Requirement for developers to provide free housing
Answer: a) Fast-track dispute resolution mechanism
What is the primary role of the Real Estate Appellate Tribunal under RERA?
a) Register real estate agents
b) Resolve disputes between promoters and buyers
c) Enforce building codes
d) Provide loans to developers
Answer: b) Resolve disputes between promoters and buyers
As per RERA, how many days does the RERA Authority have to dispose of complaints?
a) 30 days
b) 45 days
c) 60 days
d) 90 days
Answer: c) 60 days
Which of the following entities are required to register under RERA?
a) Promoters of real estate projects
b) Real estate agents
c) Real estate investors
d) Both a and b
Answer: d) Both a and b
Which act mandates the maintenance of building and layout plans by local authorities?
a) RERA Act, 2016
b) Urban Land (Ceiling and Regulation) Act, 1976
c) Building and Other Construction Workers Act, 1996
d) Town and Country Planning Act
Answer: d) Town and Country Planning Act
What is the minimum period for which a developer must rectify structural defects post-handover according to RERA?
a) 1 year
b) 2 years
c) 5 years
d) 10 years
Answer: c) 5 years
Under which section of the Transfer of Property Act, 1882, is ‘sale’ defined?
a) Section 54
b) Section 58
c) Section 60
d) Section 63
Answer: a) Section 54
Which of the following does NOT constitute ‘immovable property’ under Indian law?
a) Land
b) Buildings
c) Machinery embedded in the earth
d) Movable furniture
Answer: d) Movable furniture
According to the Indian Contract Act, which of the following is essential for a valid contract in a real estate transaction?
a) Agreement to sell
b) Payment schedule
c) Consent of both parties
d) Witnesses
Answer: c) Consent of both parties
Who is authorized to prepare a sale deed in a real estate transaction?
a) Buyer
b) Seller
c) Real estate agent
d) Legal professional/advocate
Answer: d) Legal professional/advocate
Which of the following rights is created by a mortgage of immovable property?
a) Right to sell
b) Right to possession
c) Right to redemption
d) Right to lease
Answer: c) Right to redemption
Under which Act is the mutation of property records governed?
a) Indian Contract Act
b) Indian Succession Act
c) Transfer of Property Act
d) Land Revenue Act
Answer: d) Land Revenue Act
Which body is responsible for the adjudication of stamp duty disputes in India?
a) District Court
b) High Court
c) Collector of Stamps
d) RERA Authority
Answer: c) Collector of Stamps
In which year was the Indian Easements Act enacted?
a) 1882
b) 1899
c) 1908
d) 1925
Answer: a) 1882
Which section of the Indian Stamp Act, 1899, deals with the payment of stamp duty on immovable property?
a) Section 17
b) Section 23
c) Section 27
d) Section 33
Answer: c) Section 27
What is the role of the Development Control Regulations (DCR) in real estate?
a) Regulate the ownership of property
b) Control the transfer of property
c) Govern land use and building construction
d) Provide tax incentives for developers
Answer: c) Govern land use and building construction
Which of the following is a compulsory document for the sale of agricultural land in India?
a) Sale deed
b) Gift deed
c) Lease agreement
d) Mutation certificate
Answer: a) Sale deed
What does the term ‘carpet area’ mean as per RERA?
a) Total area of the plot
b) Net usable floor area
c) Built-up area including walls
d) Super built-up area
Answer: b) Net usable floor area
Under the Urban Land (Ceiling and Regulation) Act, 1976, what was the main objective?
a) To promote real estate development
b) To control and limit the possession of vacant land
c) To provide housing loans
d) To regulate rental prices
Answer: b) To control and limit the possession of vacant land
Which document serves as evidence of the title of the property transferred in a real estate transaction?
a) Sale deed
b) Possession letter
c) Encumbrance certificate
d) Property tax receipt
Answer: a) Sale deed
What is the maximum penalty for non-compliance with the orders of the RERA Appellate Tribunal?
a) 5% of the project cost
b) 10% of the project cost
c) 15% of the project cost
d) 20% of the project cost
Answer: b) 10% of the project cost
Which of the following is NOT a remedy available to a buyer in case of non-compliance by the promoter under RERA?
a) Refund of the amount paid along with interest
b) Compensation for the loss caused
c) Extension of the project completion deadline
d) All of the above are available remedies
Answer: c) Extension of the project completion deadline
Which authority is responsible for the administration and enforcement of land revenue laws in India?
a) State Revenue Department
b) District Collector
c) Municipal Corporation
d) Real Estate Regulatory Authority
Answer: a) State Revenue Department
In a real estate transaction, what does the term ‘encumbrance’ refer to?
a) A claim or liability on a property
b) The physical boundaries of a property
c) The fair market value of a property
d) The tenure of ownership of a property
Answer: a) A claim or liability on a property
Which document is required to be submitted to the concerned authority for obtaining the completion certificate of a real estate project?
a) Occupancy certificate
b) Sale deed
c) Commencement certificate
d) Completion affidavit
Answer: d) Completion affidavit
What does the term ‘Housing and Urban Development Corporation’ (HUDCO) in India primarily deal with?
a) Providing loans for real estate projects
b) Regulating land use in urban areas
c) Developing affordable housing schemes
d) Implementing smart city projects
Answer: a) Providing loans for real estate projects
Which section of the Transfer of Property Act, 1882, deals with the doctrine of lis pendens?
a) Section 52
b) Section 54
c) Section 58
d) Section 61
Answer: a) Section 52
What is the purpose of the Indian Easements Act, 1882?
a) To regulate contracts related to easements
b) To define and regulate easements
c) To control the transfer of property
d) To provide compensation for land acquisition
Answer: b) To define and regulate easements
Which of the following is NOT a condition for a valid gift deed in India?
a) Acceptance by the donee
b) Consideration from the donee
c) Intention of the donor to gift the property
d) Registration of the gift deed
Answer: b) Consideration from the donee
In a real estate transaction, what does the term ‘stamp duty’ refer to?
a) Tax levied on the transfer of immovable property
b) Fee charged by the real estate agent
c) Cost of stamping documents
d) None of the above
Answer: a) Tax levied on the transfer of immovable property
