Multiple Choice Questions on Given that Fair rent of a let out house property is 75 000 Its Municipal value is 60 000 standard re........... for UGC NET ( Commerce) Preparation

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Multiple Choice Questions

Given that Fair rent of a let out house property is 75 000 Its Municipal value is 60 000 standard re...........

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    Given that :Fair rent of a let out house property is ` 75,000. Its Municipal value is ` 60,000, standard rent is ` 72,000 and actual rent received is ` 63,000. (2 marks)

    What is the Gross Annual Value of this house property ?

    ` 60,000

    Incorrect Answer

    ` 63,000

    Incorrect Answer

    ` 72,000

    Correct Answer

    ` 75,000

    Incorrect Answer
    Explanation:

    ` 72,000

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