100+ Free IOV Valuer Practice Questions

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Key Facts: IOV Valuer Exam

Total Questions

IBBI Land & Building exam format

120 min

Exam Duration

2 hours computer-based test

60%

Passing Score

60 out of 100 marks

₹5,900

Exam Fee

Inclusive of 18% GST

25%

Negative Marking

0.25 marks deducted per wrong answer

50 hrs

Mandatory Training

Completed through a registered RVO

The IOV Valuer Exam (IBBI Registered Valuer for Land & Building) is a computer-based, 120-minute test consisting of 96 multiple-choice questions (totaling 100 marks) with a required passing score of 60%. There is a negative marking of 0.25 marks (25%) for wrong answers. The exam fee is ₹5,900 per enrollment. Eligibility requires a degree in civil engineering/architecture/town planning, 3-5 years of post-qualification experience, and a mandatory 50-hour RVO educational training course. Results are displayed immediately after submission, and a 2-month cooling-off period is enforced between attempts.

Sample IOV Valuer Practice Questions

Try these sample questions to test your IOV Valuer exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is the value of an asset at the end of its useful life, assuming it is dismantled and sold as materials/scrap?

A.Salvage value

B.Scrap value

C.Book value

D.Market value

Explanation: Scrap value represents the value of the dismantled materials of an asset (such as steel, brick, and timber from a demolished building) at the end of its useful life. Salvage value, by contrast, is the value of the asset at the end of its useful life without being dismantled.

2Under the direct comparison method of valuation, which of the following properties represents the most suitable comparable?

A.A property sold at a foreclosure auction by a bank

B.A property sold recently in the same locality under open market conditions

C.A property sold between close family members at a discount

D.A property currently listed for sale above market expectations

Explanation: To apply the direct comparison method effectively, the comparable property must have been sold recently, in the same or a highly similar locality, and under arm's length, open-market conditions. Forced sales, family transactions, or speculative listing prices do not reflect true market value.

3Under the Indian Easements Act, 1882, how many years of continuous and peaceful enjoyment of an easement of light or air are required to acquire a prescriptive right over private property?

A.12 years

B.20 years

C.30 years

D.60 years

Explanation: Section 15 of the Indian Easements Act, 1882, states that a prescriptive right of easement over light, air, support, or water is acquired after peaceable and open enjoyment as an easement, without interruption, for 20 years. If the easement is claimed against government land, the period is 30 years.

4Under the Real Estate (Regulation and Development) Act, 2016 (RERA), developers are legally mandated to sell apartments based on which of the following area definitions?

A.Super built-up area

B.Built-up area

C.Carpet area

D.Plinth area

Explanation: RERA makes it mandatory for developers to sell apartments based on 'carpet area', which is defined as the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area, and exclusive open terrace area, but including the area covered by the internal partition walls.

5Which of the following foundations is most appropriate for a low-rise residential building on soils with high load-bearing capacity at a shallow depth?

A.Pile foundation

B.Well foundation

C.Spread footing foundation

D.Under-reamed pile foundation

Explanation: A spread footing (or shallow foundation) is the most economical and appropriate type of foundation when the upper soil layers have a high load-bearing capacity. Deep foundations like piles or wells are used when the shallow soil is weak or highly compressible.

6What economic term refers to the payment made for the use of land that is in fixed and inelastic supply?

A.Contract rent

B.Quasi-rent

C.Economic rent

D.Differential rent

Explanation: Economic rent is the payment made to a factor of production (like land) that is in completely inelastic supply. Because the supply of land is fixed, any increase in demand simply drives up its economic rent without increasing the quantity of land available.

7Which method of depreciation assumes that the asset loses value by a constant, equal nominal amount every year over its useful life?

A.Straight-line method

B.Sinking fund method

C.Constant percentage method

D.Quantity survey method

Explanation: The straight-line method assumes a uniform rate of depreciation over the useful life of the building. The annual depreciation is calculated as (Initial Cost - Salvage Value) divided by the estimated useful life in years.

8For which of the following property types is the profits or accounts method of valuation most commonly applied?

A.Vacant residential plots

B.Hotels and cinemas

C.Government office buildings

D.Standard residential apartments

Explanation: The profits or accounts method is used for commercial properties whose market value is derived from the monopoly or business potential of their trading location, such as hotels, cinemas, theatres, and toll bridges. The valuation is based on net profit records.

9What valuation metric represents the present value of the right to receive a perpetual annual income of Re. 1 at a given rate of interest?

A.Present Value of Re. 1

B.Years' Purchase in perpetuity

C.Sinking Fund factor

D.Capitalization factor

Explanation: Years' Purchase (YP) in perpetuity is the capitalized value of Re. 1 per annum forever, calculated as 100 divided by the interest rate (or 1 / r where r is expressed as a decimal). It represents how many years of rent are needed to equal the property's purchase value.

10Under the Transfer of Property Act, 1882, what is a mortgage created by delivering the documents of title of immovable property to a creditor with intent to create a security thereon called?

A.Simple mortgage

B.Usufructuary mortgage

C.English mortgage

D.Equitable mortgage

Explanation: An equitable mortgage (also known as a mortgage by deposit of title deeds) is created when a debtor delivers documents of title to immovable property to a creditor with the intent to secure a debt. It is the most common form of mortgage used in commercial banking transactions in India.

About the IOV Valuer Exam

The IOV Valuer Examination is the qualifying test conducted for candidates seeking registration as a valuer for Land & Building assets in India. Administered by the IBBI with training provided by registered organisations like the Institution of Valuers (IOV) Registered Valuers Foundation (IOVRVF), it assesses competencies in valuation methodologies, real estate economics, building technology, planning laws, central legislation, and professional ethics. The exam is computer-based, consists of 96 questions (worth 100 marks total), and features negative marking of 25% for incorrect answers.

Questions

96 scored questions

Time Limit

2 hours (120 minutes)

Passing Score

60% (Minimum 60 marks out of 100 total marks)

Exam Fee

₹5,900 (inclusive of 18% GST) (Insolvency and Bankruptcy Board of India (IBBI))

IOV Valuer Exam Content Outline

20%

Valuation Principles & Methodology

Concepts of value, depreciation estimation, direct comparison, income capitalization, investment method, profits method, contractor's method, development method, leasehold valuations, and life interests.

15%

Real Estate and Land Economics

Principles of economics, supply/demand of real estate, characteristics of land, land tenure systems, rent types, land-use planning, and urban economic development.

15%

Building Construction and Costing

Building materials, components of buildings, RCC structures, load distribution, estimating quantities, maintenance, and structural safety guidelines.

10%

Planning & Environmental Regulations

Town planning acts, building bylaws, development control regulations (FSI/FAR), coastal regulation zones (CRZ), and environmental impact assessments.

25%

Legal Framework & Indian Legislations

Companies Act 2013, Companies Rules 2017, Insolvency and Bankruptcy Code (IBC) 2016, Transfer of Property Act, Rent Control Acts, Land Acquisition Act, Law of Easements, and RERA.

15%

Professional Ethics & Standards

International Valuation Standards (IVS), Model Code of Conduct, valuation report contents, professional negligence, and legal liability of a valuer.

How to Pass the IOV Valuer Exam

What You Need to Know

Passing score: 60% (Minimum 60 marks out of 100 total marks)
Exam length: 96 questions
Time limit: 2 hours (120 minutes)
Exam fee: ₹5,900 (inclusive of 18% GST)

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

IOV Valuer Study Tips from Top Performers

1Master the mathematical formulas for valuation, including Present Value (PV), Years' Purchase (YP), and Sinking Fund calculations.

2Understand the distinction between freehold and leasehold interest valuations, including dual-rate Years' Purchase adjustments.

3Thoroughly study the Transfer of Property Act, focusing on sections related to sale, mortgage, lease, and gift of immovable property.

4Learn the key provisions of the Companies (Registered Valuers and Valuation) Rules, 2017, and the Model Code of Conduct.

5Familiarize yourself with the International Valuation Standards (IVS) framework (General Standards and Asset Standards).

6Pay close attention to building construction definitions, structural forms (RCC vs load-bearing), and methods of calculating depreciation (straight-line, sinking fund, constant percentage).

7Practice calculating negative marking impacts; since wrong answers deduct 25%, avoid blind guessing on difficult questions.

Frequently Asked Questions

Who conducts the IOV Valuer / Registered Valuer Examination?

The examination is officially conducted by the Insolvency and Bankruptcy Board of India (IBBI) as the authority, with the National Institute of Securities Markets (NISM) acting as the test delivery partner. RVOs like the IOV Registered Valuers Foundation (IOVRVF) provide the mandatory training but do not administer the exam itself.

What is the structure and marking scheme of the exam?

The exam is a 2-hour (120 minutes) computer-based test containing 96 multiple-choice questions, totaling 100 marks (some questions carry 1 mark, while case-study questions carry 2 marks). The passing score is 60%. There is a negative marking of 25% (0.25 marks deducted for a 1-mark question, and 0.50 marks for a 2-mark question) for incorrect answers.

Are there any eligibility criteria to sit for the exam?

Yes. Candidates must have a degree in Civil Engineering, Architecture, or Town Planning (or a Post Graduate degree in valuation of land & building) from a recognized university. Additionally, graduates require 5 years of post-qualification experience, while postgraduates require 3 years of experience. Completion of a 50-hour mandatory educational course from a recognized RVO is also compulsory.

How much is the exam fee and can I retake it?

The exam enrollment fee is ₹5,900 (inclusive of 18% GST) per attempt. There is no limit on the number of attempts, but you must wait for a cooling-off period of 2 months between two consecutive attempts.

What happens if I pass the exam?

Upon passing the exam, you will receive a certificate from IBBI/NISM. You can then apply for formal registration as a 'Registered Valuer' (under the Land & Building asset class) with the IBBI, allowing you to conduct statutory valuations under the Companies Act and the IBC.