QB English Nov
QB English Nov
QB English Nov
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Question Bank
Q1. RERA is required for which of the following activities?
A. Commencement Certificate
B. Excavation
C. Advertising
D. Phase-wise layout formulation
Q2. Real estate agent is defined under which section?
A. Section 2 (zm)
B. Section 2 (zk)
C. Section 2 (zn)
D. Section 2 (zl)
Q3. Promoter is defined under which section?
A. Section 2 (zm)
B. Section 2 (zk)
C. Section 2 (zn)
D. Section 2 (zl)
Q4. Real Estate Project is defined under which section?
A. Section 2 (zm)
B. Section 2 (zk)
C. Section 2 (zn)
D. Section 2 (zl)
Q5. Allottee is defined under which section?
A. Section 3 (zf)
B. Section 12 (zb)
C. Both of the above
D. None of the above
Q6. Which of the following is not a part of the challenges faced by the Real Estate industry?
A. No proper grievance redressal forum
B. Information symmetry to the citizens
C. Sundry abuses and malpractices
D. All of the above
Q7. The purpose and objectives of the Act are carried in which title?
A. First Title
B. Second Title
C. Third Title
D. Fourth Title
Q8. On which date was RERA introduced?
A. 1st May 2017
B. 8th March 2017
C. 26st March 2016
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Q17. Which of the following does not require registration under RERA?
A. Plot area not exceeding 5882 sqft
B. Plot area not exceeding 5621 sqft
C. Plot area not exceeding 5421 sqft
D. Plot area not exceeding 5381 sqft
Q18. A project proposes to construct 3 units in phase I, 2 units in phase II and 3 units in phase III. Will
this project need to be registered with RERA?
A. No
B. Yes
C. Conditional N.O.C will be required under Section A (24)(f41)
D. Part registration to be obtained for the project which falls under Section A (34)(g45)
Q19. Promoter has received occupancy certificate on 2nd April 2016. Can such a Promoter sell units
in 2023?
A. Will have to register the project in 2023 before selling
B. Will have to register only those units that need to be sold in 2023
C. Yes
D. No
Q20. Cost of a project is Rs 174 Crores. Promoter has been fined Rs 11 crores and 87 lakh rupees for
not registering the project with RERA. How many violations has the Promoter committed?
A. One
B. Two
C. Three
D. None of the Above
Q21. A Promoter has been sentenced to imprisonment for not registering the project with RERA.
How many violations has he committed?
A. One
B. Two
C. Three
D. None of the above
Q22. Status of the project needs to be updated every:
A. 30 days
B. 60 days
C. 90 days
D. 120 days
Q23. An agent who has not registered with the Authority has sold an apartment in a RERA
registered project two years ago. Upon scrutiny, the authority has discovered this violation. What is
the penalty amount considering Agreement value of 15 Cr each?
A. 7300000
B. 730000
C. 73000
D. None of the above
Q24. An agent wants to file a complaint with the authority against another agent. Does the
authority allow this?
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A. No
B. Yes
C. Agents need to be from different states
D. Agents need to be registered under different authorities
Q25. What is the amount for an agent to file appeal in the conciliation forum?
A. Rs 1000
B. Rs 5000
C. Rs 10000
D. None of the above
Q26. Under which notification was MahaRERA established?
A. No.23 dated 6th March 2017
B. No.26 dated 8th March 2016
C. No.23 dated 8th March 2017
D. No.26 dates 6th March 2016
Q27. For a Promoter to change a swimming pool to a gymnasium, out of the total 125 apartments
available in the project, out of which 66 have been currently booked by different owners, how
many allottees need to attest their written consent?
A. 50 allottees
B. 84 allottees
C. 44 allottees
D. 99 allottees
Q28. Does type and carpet area of an apartment along with direction need to be disclosed on
RERA website?
A. No
B. Yes
C. Type is not required
D. Direction is not required
Q29. While applying for project registration number of phase I out of 10 phases, does the Promoter
have to disclose the plan for all phases?
A. No
B. Only for the phases for which registration is being requested
C. Yes
D. Only for the phases up for sale
Q30. Agent who has not registered with the authority can face a fine of:
A. Rs 5000 per day upto 5% of the cost of the project
B. Rs 10000 per day upto 5% of the cost of the unit
C. Rs 10000 per day upto 10% of the cost of the project
D. Rs 5000 per day upto 10% of the cost of the unit
Q31. How much Penalty for a promoter for not registering the project:
A. 10% of the cost of the project
B. 10% of the cost of the land
C. 5% of the cost of the project
D. 5% of the cost of the land
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Q32. Shellfin corp is selling their ownership rights to Transfin corp for a project which includes 11
phases. Total plan is to construct 592 units. Registration is obtained for phase I and II which hold 110
units. 95 allottees have expressed their interest in purchasing and 90 have received allotment letter.
Written consent of how many allottees will be required for the transfer of ownership?
A. 395
B. 74
C. 64
D. 60
Q33. For a plot costing INR 3 crores, Promoter can accept which of the following as advance
payment?
A. 27 lakhs
B. Any amount which the allottee is willing to pay
C. 54 lakhs
D. None of the above
Q34. Allottee has paid INR 78 lakhs as intimated by the construction-linked-payment plan. What
amount is the Promoter allowed to spend without oversight?
A. 234000
B. 2340000
C. 546000
D. 5460000
Q35. Whose signature is not authorised for withdrawal from the designated account maintained in
a scheduled bank?
A. Architect
B. Engineer
C. Promoter
D. Accountant
Q36. After requisite booking, Promoter needs to undertake the formation of the legal entity within:
A. 30 days
B. 60 days
C. 90 days
D. 120 days
Q37. Promoter needs to undertake formation of legal entity after what percentage of units being
booked?
A. 25%
B. 51%
C. 66.67%
D. 75%
Q38. After formation of legal entity, conveyance deed needs to be executed within:
A. 3 months
B. 6 months
C. 9 months
D. None of the above
Q39. Promoters need to disclose status of their projects launched in the last:
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A. 3 years
B. 5 years
C. 7 years
D. None of the above
Q40. Annexure A pertains to:
A. Model agreement for sale
B. Model agreement for plotted layout
C. Model allotment letter
D. None of the above
Q41. Form 2A is submitted in which time frame?
A. Monthly
B. Quarterly
C. Bi-annually
D. Annually
Q42. Which form discloses total amount withdrawn from the designated bank account?
A. Form 5
B. Form 4
C. Form 3
D. Form 2
Q43. List of deregistered projects can be found under:
A. Online application tab
B. Non-registration tab
C. Registration tab
D. None of the above tab
Q44. Online appeals can be found under:
A. Online application
B. Non-registration
C. Appellate tribunal
D. None of the above
Q45. Where is Organisation structure is found:
A. Home
B. About us
C. Online application
D. Statistics
Q46. Ab initio void can be found under:
A. Online application
B. RTS Act
C. Registration
D. Cause list
Q47. Source information can be found at:
A. Non-registration
B. Registration
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C. Online application
D. Contact us
Q48. A real estate agent is registered under which act?
A. Section 8
B. Section 9
C. Section 10
D. Section 11
Q49. Agent registration numbers that are issued are recycled and issued again after:
A. Annually
B. Once cancelled
C. Every five years
D. None of the above
Q50. Section 9(6) discusses:
A. Validity of an agent’s registration
B. Validity of a project
C. Registration process of an agent
D. Registration process of a project
Q51. To register with RERA, for whom is the registration fee less than INR one lakh?
A. Company
B. Society
C. Individual
D. Partnership
Q52. Non-individual agent cannot have:
A. Multiple employees
B. Multiple departments within the organisation
C. Multiple offices within the same city
D. None of the above
Q53. If DIN is asked in the documentation, what kind of firm is not being discussed?
A. Company
B. Individual
C. Partnership
D. None of the above
Q54. Smt. Roshini ji purchased an apartment on 1st May 2017. She was asked to pay stamp duty as
per 7% of the cost of the apartment, which is INR 5 Crores. Possession of the apartment was
promised and delivered in the May 2018. During her sale to Mr. Gupta ji on new year’s eve
preceding 2019, what is the amount of GST that Mr. Gupta ji will have to pay considering the 7%
stamp duty paid before by the allottee?
A. 2500000
B. 3500000
C. 6000000
D. None of the above
Q55. An agent being issued registration on 29th February shall be entitled to work for:
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A. 100000
B. 100590
C. 1000000
D. 1000590
Q64. What is the fee to file 7 complaints in RERA?
A. 70000
B. 35000
C. 7000
D. 5000
Q65. What is the maximum number of branch offices permitted in a city for any real estate agent?
A. 06
B. 12
C. 24
D. None of the above
Q66. Can a real estate agent work in Maharashtra and Gujarat on the same registration number?
A. No
B. Yes
C. After obtaining N.O.C. from both states
D. Upon receiving N.O.C. from RERA of both states
Q67. Projects that were under construction on the commencement of the Act were given what
time-frame to register?
A. One month
B. Three months
C. Six months
D. One year
Q68. On which date did online registration commence?
A. Day on which the act was introduced
B. Day on which statutory authority was established
C. Day on which act was enforced
D. Day on which statutory authority was implemented
Q69. Scheduled bank is included in which of the following?
A. Fourth schedule to the Reserve Bank of India Act, 1943
B. Second schedule to the Reserve Bank of India Act, 1943
C. Fourth schedule to the Reserve Bank of India Act, 1934
D. Second schedule to the Reserve Bank of India Act, 1934
Q70. What is the maximum period within which the authority shall issue registration number to a
project?
A. 30 days
B. 37 days
C. 45 days
D. 52 days
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Q71. What is the maximum period within which the authority shall issue registration number to a
real estate agent?
A. 30 days
B. 37 days
C. 45 days
D. 52 days
Q72. What are the charges of withdrawal of application for a registration certificate for a real
estate project?
A. 5% of the cost of the project
B. Cannot be withdrawn
C. INR 5000
D. Depends on the size of the project
Q73. What is the maximum extension granted to any project by the authority?
A. Five years
B. Three years
C. Two years
D. One year
Q74. Force majeure does not include?
A. War
B. Cyclone
C. Earthquake
D. Lack of funds
Q75. Upon revocation of a project, which of the following is not a consequence?
A. Promoter not allowed to sell the project
B. Promoter not allowed access to the project on MahaRERA website
C. Promoter’s bank accounts are defreezed
D. Promoter is listed as a defaulter
Q76. Conveyance deed can be executed in what time-frame after receipt of occupancy certificate?
A. 120 days
B. 90 days
C. 60 days
D. 35 days
Q77. The defect liability period of the Promoter extends to how many years after receipt of
occupancy certificate?
A. 5
B. 6
C. 8
D. 9
Q78. Can a person residing in Australia view details of a project located in Mumbai, Maharashtra?
A. No
B. Letter of intent to be provided before accessing the local website
C. Yes
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Q87. An allottee has cancelled his booking of an apartment costing 5 crores. The Promoter has
charged 7.5 lakhs as cancellation fee. After how many days has the allottee cancelled the booking?
A. 79 days
B. 47 days
C. 23 days
D. 11 days
Q88. The Agreement for Sale is legally binding under which act?
A. Indian Contract Act, 1834
B. Bombay Stamp Act, 1958
C. Indian Contract Act, 1872
D. Bombay Stamp Act, 1908
Q89. On completion of external plaster and elevation, what percentage of the cost of the unit can
be asked of the Allottee to be paid?
A. 60%
B. 75%
C. 80%
D. 85%
Q90. For an apartment costing 1 crore, an allottee has paid INR 70 lakhs so far. At what stage is
the construction of the building?
A. Door fitting
B. Waterproofing
C. Water pumps
D. None of the above
Q91. During payment of TDS, which form-cum-challan needs to be filled-out?
A. Form 28QB
B. Form 26 QB
C. Form 28 QD
D. Form 26 QD
Q92. To whom is the TDS paid?
A. MahaRERA
B. State Government
C. Central Government
D. Income tax Department
Q93. For an apartment costing Rs 3 crores, what is the GST applicable?
A. 150000
B. 360000
C. 1500000
D. 3600000
Q94. Stamp duty is paid under which act in Maharashtra?
A. Maharashtra Stamp Act, 1968
B. Bombay Stamp Act, 1958
C. Maharashtra Stamp Act, 1978
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101. What is the maximum amount of late fee that can be imposed for delayed MahaRERA
registration?
A. ₹1 lakh
B. ₹5 lakh
C. ₹10,000 per day of delay, up to 5% of the project cost
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D. No late fee
102. What documents are required for MahaRERA registration of a real estate project?
A. Only the project blueprint
B. PAN, Aadhaar, and past project details of the promoter, project plan, and financial details
C. Local newspaper clippings
D. Personal diaries of the project architect
103. Can a real estate project be advertised and sold without MahaRERA registration?
A. Yes, there are no restrictions
B. Yes, but only for commercial projects
C. No, advertising and selling are restricted until registration
D. Only if the project is in a rural area
104. What rights do homebuyers have regarding possession of the property under MahaRERA?
A. Right to immediate possession without any conditions
B. Right to delayed possession with compensation
C. No specific rights regarding possession
D. Right to possession only after project completion
106. What penalties can be imposed on a real estate agent for non-compliance with MahaRERA
regulations?
A. Verbal warnings only
B. Fines, imprisonment, or both
C. Automatic suspension of agent's license
D. No penalties for agents
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107. What is the time limit for filing an appeal with the MahaRERA Appellate Tribunal?
A. Within 30 days
B. Within 60 days
C. Within 90 days
D. No specific time limit
109. How often does MahaRERA conduct training programs for real estate agents?
A. Once a year
B. Monthly
C. Biannually
D. MahaRERA does not conduct training programs
110. Can MahaRERA initiate legal proceedings against a real estate developer?
A. No, MahaRERA has no legal authority
B. Yes, but only for minor violations
C. Yes, MahaRERA can initiate legal proceedings for non-compliance
D. Only in cases of criminal activity
111. Can a real estate project be registered with MahaRERA after the completion of construction?
A. Yes, there is no time limit for registration
B. Yes, but only within 3 months of completion
C. No, projects must be registered before the start of construction
D. Only if the project faces unforeseen challenges
112. Can the registration period for a real estate project with MahaRERA be extended?
A. No, the registration period is fixed
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113. What percentage of project funds must be kept in a separate bank account according to
MahaRERA?
A. 50%
B. 70%
C. 70% and it can be utilized only for project construction
D. No specific requirement
114. What is the penalty for providing false information during MahaRERA registration?
A. Verbal warning
B. Fine up to 5% of the project cost
C. Imprisonment
D. Both fine and imprisonment
116. What action can MahaRERA take if a real estate project is delayed?
A. Issue a warning letter
B. Impose fines and imprisonment
C. Revoke the project registration
D. Nothing, MahaRERA does not intervene in project delays
117. What is the maximum period for which a promoter's registration can be suspended by
MahaRERA?
A. Six months
B. One year
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C. Two years
D. No specific limitation
118. What documents need to be submitted for renewal of a real estate agent's registration with
MahaRERA?
A. Only a passport-sized photograph
B. Updated contact information
C. An affidavit stating good conduct and adherence to MahaRERA regulations
D. No renewal is required for real estate agent registration
119. How soon must a real estate agent inform MahaRERA about any change in his contact details?
A. Within 7 days
B. Within 14 days
C. Within 30 days
D. Real estate agents are not required to inform MahaRERA about contact changes
120. What is the process for the refund of amounts by the promoter to the allottees as per
MahaRERA regulations?
A. Refund is at the sole discretion of the promoter
B. Refund within 45 days, along with interest, for any delay
C. Refund only if the project is canceled
D. Refund within 90 days, with interest, for any delay
121. Can a real estate developer revise the project completion date after MahaRERA registration?
A. No, the completion date cannot be revised
B. Yes, only once with prior approval from MahaRERA
C. Yes, multiple times without any restrictions
D. Only if the project faces unforeseen challenges
123. How does MahaRERA handle disputes between a promoter and an allottee?
A. By directly intervening and making a decision
B. By recommending the dispute to a conciliation forum or the MahaRERA Adjudicating Officer
C. By issuing a warning to both parties
D. MahaRERA does not handle disputes
124. Can a real estate agent operate without registration under MahaRERA?
A. Yes, there is no requirement for registration
B. Yes, but only for projects below a certain size
C. No, registration with MahaRERA is mandatory
D. Only if the agent has more than 10 years of experience
126. Can a real estate project be advertised and sold without MahaRERA registration?
A. Yes, there are no restrictions
B. Yes, but only for commercial projects
C. No, advertising and selling are restricted until registration
D. Only if the project is in a rural area
127. What penalties can be imposed on a real estate agent for non-compliance with MahaRERA
regulations?
A. Verbal warnings only
B. Fines, imprisonment, or both
C. Automatic suspension of agent's license
D. No penalties for agents
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128. What is the time limit for filing an appeal with the MahaRERA Appellate Tribunal?
A. Within 30 days
B. Within 60 days
C. Within 90 days
D. No specific time limit
129. Can MahaRERA initiate legal proceedings against a real estate developer?
A. No, MahaRERA has no legal authority
B. Yes, but only for minor violations
C. Yes, MahaRERA can initiate legal proceedings for non-compliance
D. Only in cases of criminal activity
130. Can a real estate project be registered with MahaRERA after the completion of construction?
A. Yes, there is no time limit for registration
B. Yes, but only within 3 months of completion
C. No, projects must be registered before the start of construction
D. Only if the project faces unforeseen challenges
131. Can MahaRERA impose fines on a real estate developer for project delays?
A. No, MahaRERA cannot impose fines
B. Yes, but only if the delay exceeds one year
C. Yes, for each day of delay after the committed date
D. Only if the delay is due to unforeseen circumstances
132. How does MahaRERA handle the withdrawal of a real estate project application?
A. No withdrawal is allowed once the application is submitted
B. Withdrawal is allowed with a written request and valid reasons
C. Withdrawal is allowed at any stage without conditions
D. Withdrawal is allowed, but the project cannot be re-registered
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135. What actions can MahaRERA take against a real estate agent for non-compliance?
A. Issue a warning letter
B. Impose fines, suspension, or cancellation of registration
C. Recommend the case to a conciliation forum
D. MahaRERA does not have authority over real estate agents
137. What happens if a real estate project is found to be unregistered with MahaRERA?
A. No consequences, as registration is optional
B. MahaRERA imposes fines on the developer
C. The project cannot be advertised or sold until registered
D. The developer is issued a warning letter
138. How can an allottee verify the MahaRERA registration status of a real estate project?
A. By contacting the local municipal office
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B. By visiting the MahaRERA website and using the project's unique registration number
C. By requesting information from the real estate agent
D. Registration status is not accessible to the public
140. How often does MahaRERA conduct training programs for real estate agents?
A. Once a year
B. Monthly
C. Biannually
D. MahaRERA does not conduct training programs
141. Can a real estate project be advertised and sold without MahaRERA registration?
A. Yes, there are no restrictions
B. Yes, but only for commercial projects
C. No, advertising and selling are restricted until registration
D. Only if the project is in a rural area
142. What penalties can be imposed on a real estate agent for non-compliance with MahaRERA
regulations?
A. Verbal warnings only
B. Fines, imprisonment, or both
C. Automatic suspension of agent's license
D. No penalties for agents
143. What is the time limit for filing an appeal with the MahaRERA Appellate Tribunal?
A. Within 30 days
B. Within 60 days
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C. Within 90 days
D. No specific time limit
144. Can MahaRERA initiate legal proceedings against a real estate developer?
A. No, MahaRERA has no legal authority
B. Yes, but only for minor violations
C. Yes, MahaRERA can initiate legal proceedings for non-compliance
D. Only in cases of criminal activity
145. Can a real estate project be registered with MahaRERA after the completion of construction?
A. Yes, there is no time limit for registration
B. Yes, but only within 3 months of completion
C. No, projects must be registered before the start of construction
D. Only if the project faces unforeseen challenges
146. Can MahaRERA impose fines on a real estate developer for project delays?
A. No, MahaRERA cannot impose fines
B. Yes, but only if the delay exceeds one year
C. Yes, for each day of delay after the committed date
D. Only if the delay is due to unforeseen circumstances
147. How does MahaRERA handle the withdrawal of a real estate project application?
A. No withdrawal is allowed once the application is submitted
B. Withdrawal is allowed with a written request and valid reasons
C. Withdrawal is allowed at any stage without conditions
D. Withdrawal is allowed, but the project cannot be re-registered
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150. What actions can MahaRERA take against a real estate agent for non-compliance?
A. Issue a warning letter
B. Impose fines, suspension, or cancellation of registration
C. Recommend the case to a conciliation forum
D. MahaRERA does not have authority over real estate agents
152. What happens if a real estate project is found to be unregistered with MahaRERA?
A. No consequences, as registration is optional
B. MahaRERA imposes fines on the developer
C. The project cannot be advertised or sold until registered
D. The developer is issued a warning letter
153. How can an allottee verify the MahaRERA registration status of a real estate project?
A. By contacting the local municipal office
B. By visiting the MahaRERA website and using the project's unique registration number
C. By requesting information from the real estate agent
D. Registration status is not accessible to the public
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155. How often does MahaRERA conduct training programs for real estate agents?
A. Once a year
B. Monthly
C. Biannually
D. MahaRERA does not conduct training programs
156. Can a real estate developer revise the project completion date after MahaRERA registration?
A. No, the completion date cannot be revised
B. Yes, only once with prior approval from MahaRERA
C. Yes, multiple times without any restrictions
D. Only if the project faces unforeseen challenges
158. How does MahaRERA handle disputes between a promoter and an allottee?
A. By directly intervening and making a decision
B. By recommending the dispute to a conciliation forum or the MahaRERA Adjudicating Officer
C. By issuing a warning to both parties
D. MahaRERA does not handle disputes
159. Can a real estate agent operate without registration under MahaRERA?
A. Yes, there is no requirement for registration
B. Yes, but only for projects below a certain size
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Answer Key
1-C 2-A 3-B 4-C 5-D 6-B 7-B 8-C 9-D 10-C
11-D 12-D 13-A 14-A 15-D 16-D 17-D 18-A 19-C 20-A
21-B 22-C 23-A 24-B 25-A 26-C 27-C 28-B 29-C 30-B
31-A 32-D 33-A 34-B 35-C 36-C 37-B 38-D 39-B 40-C
41-D 42-A 43-C 44-C 45-B 46-C 47-A 48-B 49-D 50-A
51-C 52-D 53-B 54-D 55-B 56-A 57-C 58-D 59-B 60-C
61-B 62-D 63-B 64-B 65-D 66-A 67-B 68-C 69-D 70-B
71-B 72-C 73-D 74-D 75-C 76-B 77-A 78-C 79-A 80-D
81-B 82-A 83-B 84-A 85-D 86-A 87-B 88-C 89-D 90-A
91-B 92-C 93-C 94-B 95-D 96-A 97-D 98-B 99-B 100-A
101-C 102-B 103-C 104-B 105-B 106-B 107-C 108-B 109-C 110-C
111-C 112-B 113-C 114-D 115-C 116-C 117-B 118-C 119-C 120-D
121-B 122-B 123-B 124-C 125-B 126-C 127-B 128-C 129-C 130-C
131-C 132-B 133-B 134-C 135-B 136-C 137-C 138-B 139-B 140-D
141-C 142-A 143-B 144-C 145-D 146-B 147-C 148-B 149-C 150-B
151-A 152-B 153-B 154-B 155-D 156-B 157-B 158-B 159-C 160-B
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