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CHAPTER-01
Q.1. When did RERA Act come into force?
(A) 01 MAY 2017
(B) 01 MAY 2016
(C) 01 MAY 2015
(D) 24 JULY 2016

Q.2. When did RERA Act proposed or Central Government brought RERA
Act?
(A) 2016
(B) 2017
(C) 2015
(D) 2022

Q.4. Who is considered as an essential element in the real estate sector who
connects allottees and promoters?
(A) Real Estate Agents
(B) Labour
(C) Foreman
(D) All of These

Q.5. Who is required/needed to be registered with Maharera for engaging in

any activity relating to marketing, advertising, sale or purchase of any
apartments/flats/property/commercial property?
(A) Every Real Estate Agent
(B) Allottees
(C) Engineer
(D) All of These

Q.6. Who are important stakeholders for the allottees?

(A) Real Estate Agents
(B) Client
(C) Customer
(D) Bank

Q.7. Maharera has introduced capacity building and certification program

for?
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(A) Real Estate Agents

(B) Bank
(C) Allottees
(D) None of These

Q.8. Which of these are (course objectives and outcomes) in RERA Act for real
estate agent?
(A) Understanding of RERA law
(B) Understanding MAHARERA and its function
(C) Knowledge associated with real estate industry
(D) All of These

Q.9. Is it necessary to enable the real estate agent to appear for online
certification?
(A) Yes
(B) No
(C) None of These
(D) Both (A & B)

Q.11. When did the remaining section of RERA come into force?
(A) 01 May 2017
(B) 01 May 2016
(C) 01 May 2022
(D) 01 May 2015

Q.13. RERA introduced by whom?

(A) Dr. Manmohan Singh
(B) Dr. Giriraj Vyas
(C) Venkaiah Naidu
(D) None of These

Q.14. In which section RERA (short title, extent and commencement)

mentioned?
(A) SECTION 1
(B) SECTION 2
(C) SECTION 3
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(D) SECTION 4

Q.15. In which section RERA definition given?

(A) SECTION 1
(B) SECTION 2
(C) SECTION 3

Q. 17. Chairperson of the Real Estate Regulatory Authority appointed under

which section?
(A) SECTION 1
(B) SECTION 21
(C) SECTION 22
(D) SECTION 23

Q. 18. The real estate project as defined in which clause?

(A) CLAUSE ZX
(B) CLAUSE ZI
(C) CLAUSE ZN
(D) CLAUSE ZJ

Q. 19. Which body released the general rules of the Real Estate (Regulation
and Development) Act, 2016?
(A) Ministry of Defence
(B) Ministry of Home Affairs
(C) HUPA(Housing & Urban Poverty levitation)
(D) Ministry of Finance

Q. 20. In case of delay in getting possession from the promoter, will the buyer
be entitled to get interest on the amount paid by him, for such delayed
period?
(A) Yes
(B) NO
(C) Both A & B
(D) None of These

CHAPTER-02

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Q.1. Which are the problems in the real estate industry?

(A) Information asymmetry
(B) No Readressal forum
(C) Huge delay in project completion
(D) All of these

Q.2. When RERA act comes in existence?

(A) May 2017
(B) May 2016
(C) Sept 2013
(D) None of These

Q.3. When RERA is fully operational?

(A) May 2017
(B) May 2016
(C) Jan 2013
(D) April 2013

Q.4. What is the purpose or objective of RERA Comes in existence?

(A) To Regulate Real Estate Sector
(B) To promote Real Estate industry
(C) To protect Consumers interest
(D) All of these

Q.5. Who established dispute Readressal mechanism?

(A) State Government
(B) Central Government
(C) Court
(D) RERA Authority

Q.6. Which bodies involve in dispute Readressal mechanism?

(A) RERA Body
(B) Appellate Tribunal
(C) High Court
(D) All of these

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Q.7. What are the key features of RERA?

(A) Establish symmetry in information
(B) Protect Consumer interest
(C) Set Transparency and Accountability
(D) All of these

Q.8. Can every State RERA authority makes its own rule?
(A) Yes
(B) NO
(C) Both A & B
(D) None of These

Q.9. How many chapter & Section in RERA Act 2016?

(A) 10 chapter 92 Section
(B) 11 chapter 92 Section
(C) 10 chapter 62 Section
(D) 9 Chapter 92 Section

Q.10. What are the responsibilities of RERA Authority?

(A) Ensure disclosure of project by promoters
(B) Registration of Project, Agent, promoter
(C) Complain Redressal mechanism
(D) All of these

Q.11. Period for appeal in appellate Tribunal court is _____.

(A) 30 days
(B) 60 days
(C) 40 days
(D) 7 days

Q.12. Which project must be registered under RERA?

(A) More than 8 Flats / plot
(B) Area of plot more than 500 sq.m.
(C) Both
(D) None

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Q.13. Re-development projects which include sale and marketing Such

projects Comes and RERA?
(A) Yes
(B) NO
(C) Both A & B
(D) None of These

Q. 14. In case of Project registration not complete. Then Promoter can

advertise, market, book, sale offer for Sale of property?
(A) Yes
(B) NO
(C) Both A & B
(D) None of These

Q. 15. What is the penalty when promoter fails to register a project?

(A) 10% of cost of project
(B) 3 years imprisonment
(C) Both A and B
(D) None

Q. 16. Promoter shall be required to provide updates on the status of projects

to authority ________.
(A) Monthly
(B) Quarterly
(C) Six Monthly
(D) Yearly

Q. 17. Can a real estate agent facilitate the sale or purchase if they are not
registered under RERA?
(A) Yes
(B) No
(C) Both A and B
(D) None of these

Q. 18. What is the penalty if an agent fails to register under RERA?

(A) Rs. 10,000 every day during default continuing

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(B) 5% of cost of plot/flat

(C) Both
(D) Any one from A and B

Q. 19. Any person not satisfied with any decision of appellate tribunal may
file an appeal to ________.
(A) District Court
(B) High Court
(C) Supreme Court
(D) Authority

Q. 20. Does a project that has not received a completion certificate at the
time of commencement of the act need to be registered?
(A) Yes
(B) No
(C) Both A and B
(D) None of these

CHAPTER-03
Q1. Full form of MAHARERA:
(A) Maharashtra Real estate regulatory authority
(B) Maharashtra real estate regulation act
(C) Maharashtra real estate regulatory act
(D) Maharashtra real estate responsibility act

Q2. When was MAHARERA came in force?

(A) 2018
(B) 2016
(C) 2019
(D) 2017

Q3. Which is not one of the key pillars of MAHARERA?

(A) Transparency
(B) Accountability
(C) Customer centricity
(D) Payment to vendors
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Q4. What is the main purpose of MAHARERA?

(A) To regulate the real estate sector in Maharashtra
(B) To promote tourism in Maharashtra
(C) To regulate the construction industry in Maharashtra
(D) To promote agriculture in Maharashtra

Q5. Who is responsible for enforcing the rules and regulations set by
MAHARERA?
(A) The government of Maharashtra
(B) The Real Estate Development Council
(C) The Consumers Protection Council
(D) The Maharashtra Real Estate Regulatory Authority

Q6. Can developers launch a new project without registering it with

MAHARERA if it has more than 8 units?
(A) Yes, they can launch the project without registering
(B) No, it is mandatory for developers to register the project with
MAHARERA before launching
(C) Both A & B
(D) None of the above

Q7. What is the maximum amount of penalty that can be imposed on a

developer for violation of MAHARERA rules?
(A) 10% of project cost
(B) 20% of project cost
(C) 30% of project cost
(D) 40% of project cost

Q8. Who is accountable for any violations of MAHARERA rules and

regulations?
(A) The developer
(B) The contractor
(C) The government of Maharashtra
(D) The Maharashtra Real Estate Regulatory Authority

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Q9. What is the consequence of a developer failing to register a project with

MAHARERA?
(A) The project cannot be launched
(B) The developer will be fined
(C) The developer will be imprisoned
(D) All of the above

Q10. In case of any complaints, who is responsible for investigating and

taking necessary action?
(A) The developer
(B) The homebuyer
(C) The Maharashtra Real Estate Regulatory Authority
(D) The government of Maharashtra

Q11. Are homebuyers accountable for any violations of MAHARERA rules and
regulations?
(A) Yes
(B) No
(C) Both A & B
(D) None of these

Q12. What are the penalties for developers who fail to comply with the rules
and regulations set by MAHARERA?
(A) Fines
(B) Imprisonment
(C) Revocation of license
(D) All of the above

Q13. What is the main purpose of transparency in MAHARERA?

(A) To ensure fair and efficient decision-making
(B) To increase public participation
(C) To promote accountability and integrity
(D) All of the above

Q14. Which of the following is not a requirement for transparency in

MAHARERA?
(A) Disclosing information about the project
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(B) Making decisions in secret

(C) Publishing reports on the project's progress
(D) Providing access to records and documents

Q15. How often is the developer required to submit a report on the project's
progress to MAHARERA?
(A) Weekly
(B) Monthly
(C) Quarterly
(D) Annually

Q16. What is the role of the public in ensuring transparency in MAHARERA?

(A) To provide feedback and input on the project
(B) To report any violations of transparency requirements
(C) To attend public hearings and meetings
(D) All of the above

Q17. What is the role of the Real Estate Appellate Tribunal (REAT) in
MAHARERA?
(A) To hear appeals from developers against MAHARERA decisions
(B) To hear complaints from consumers against developers
(C) Both a & b
(D) None of the above

Q18. What is the maximum amount of interest that can be charged by

developers on delayed payments?
(A) SBI Base rate + 2 %
(B) RBI Base rate + 2 %
(C) World Bank Base rate + 2 %
(D) SBI Base rate + 4 %

Q20. Can developers change the layout or design of a project after it has
been registered with MAHARERA?
(A) If majority of allottees agreed
(B) No
(C) Only minor changes are allowed

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(D) None of the above

Q21. What is the penalty for developers who do not comply with the terms of
the agreement entered into with buyers?
(A) A fine of up to 10% of the project cost
(B) Imprisonment for up to 3 years
(C) Both A and B
(D) None of the above

Q22. Which of the following documents is mandatory to be submitted to

MAHARERA while registering a project?
(A) Approved building plan
(B) Environmental clearance
(C) Fire safety clearance
(D) All of the above

Q23. Maximum extension in case of delay in project in MAHARERA

(A) 6 months
(B) 1 year
(C) 2 years
(D) No limit

Q24. Annual audit of project account submitted in MAHARERA by-----------

-----
(A) Promoter
(B) MAHARERA
(C) Project Manager
(D) Chartered Accountant

Q25. Separate registration can be done for different phases of single project
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q26. Conveyance deed for common areas in favour of

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(A) Allottee
(B) Promoter
(C) Association of allottee
(D) None of these

CHAPTER-04
Q. 1.What is the purpose of the MahaRERA portal?
(A) To provide information about real estate projects in Maharashtra
(B) To monitor the construction of real estate projects in Maharashtra
(C) To regulate the sale of real estate projects in Maharashtra
(D) All of the above

Q. 2. Who is responsible for registering real estate projects on the MahaRERA

portal?
(A) The developer of the project
(B) The buyer of the property
(C) The government of Maharashtra
(D) The real estate agent

Q. 3. What type of information can be found on the MahaRERA portal?

(A) Information about real estate projects
(B) Information about real estate agents
(C) Information about cases in MahaRERA
(D) All of the above

Q. 4. How can buyers access information about a particular real estate

project on the MahaRERA portal?
(A) By searching for the project by name
(B) By searching for the project by location
(C) By searching for the project by developer's name
(D) All of the above

Q. 5. What is the role of MahaRERA in resolving disputes between buyers and

developers?
(A) To provide mediation between both parties
(B) To make a final decision in the dispute
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(C) To refer the dispute to the courts

(D) None of the above

Q. 6. What happens if a real estate project is not registered on the

MahaRERA portal?
(A) The project cannot be sold
(B) The project cannot be constructed
(C) The developer may face penalties
(D) None of the above

Q. 7. How often does the MahaRERA portal update information about real
estate projects?
(A) Quarterly
(B) Weekly
(C) Monthly
(D) Annually

Q. 8. Can buyers file a complaint on the MahaRERA portal?

(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q.9. What type of projects are required to be registered on the MahaRERA

portal?
(A) All real estate projects in Maharashtra with more than 8 units
(B) Only residential projects in Maharashtra
(C) Only commercial projects in Maharashtra
(D) Only projects in selected cities in Maharashtra

Q.10. What services are not offered to allottees on MahaRERA portal?

(A) Details of Project
(B) Make a Complaint
(C) Search project, agent, complaint
(D) Make a correction in project

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Q.11. What is the website for MahaRERA authority?

(A) Maharera.mahaonline.gov.in
(B) Maharera.com
(C) Mahadbt.gov.in
(D) MahaRERA.maharastra.com

Q.12. What information is available on the MahaRERA portal?

(A) Project details
(B) Approvals
(C) Complaints and their status
(D) All of the above

Q.13. What happens if a builder does not comply with the MahaRERA
regulations?
(A) Fines
(B) Criminal charges
(C) Suspension of the project
(D) All of the above

Q.14. How can a buyer ensure that the project they are investing in is
registered under MahaRERA?
(A) Check the project details on the MahaRERA portal
(B) Contact the builder directly
(C) Contact the government
(D) Check with a real estate agent

Q.15. What is the benefit of investing in a project registered under

MahaRERA?
(A) Better protection of the buyer's rights
(B) Timely delivery of the project
(C) Transparency in the project
(D) All of the above

Q.16. Which document is necessary to establish the project details for

MahaRERA registration?
(A) Project plan

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(B) Approval from local authorities

(C) Both A & B
(D) None of the above

Q.17. Under which menu of maharera portal We can download the GR and
notification published by MahaRERA?
(A) Download
(B) Registration
(C) Home
(D) Online registration

Q.18. When we login to MahaRERA portal what we see on interface?

(A) Dashboard
(B) Menu Tab
(C) Details of Project
(D) Both A & B

Q.19. What represents the dashboard on interface after login?

(A) Key performance indicators of industry
(B) Progress Report of Industry
(C) Standing committee of MahaRERA
(D) Both A & B

CHAPTER-05
Q.1. Who is a real estate agent?
(A) Someone who introduces buyers to sellers
(B) Someone who shows a flat to potential buyers
(C) Someone who receives remuneration for negotiating a sale of plot,
apartment or building
(D) Someone who works for a developer

Q.2. Can a real estate agent facilitate the sale of any MahaRERA registered
plot, apartment, or building before registration?
(A) Yes
(B) No
(C) Both a & b
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(D) None of the above

Q.3. Once a real estate agent receives his registration where is he eligible to
transact?
(A) All over India
(B) In Mumbai and Pune only
(C) In Maharashtra and Goa
(D) Within the entire state of Maharashtra

Q.4. What is necessary in the case a registration application is rejected?

Q.5. Can the Authority directly reject a real estate agent’s registration?
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q.6. What is the time period within which the Authority may accept/reject a
real estate agent’s registration?
(A) 30 days
(B) 60 days
(C) 90 days
(D) 120 days

Q.7. After the completion of 30 days, what is the time period within which
the Authority shall provide a registration number provided it is not rejected?
(A) 3 days
(B) 5 days
(C) 7 days
(D) 10 days

Q.8. What will happen in the case an agent does not get any rejection
intimation within the time period for approval?

Q.9. Where should a real estate agent mention his unique registration
number?
(A) In his first transaction
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(B) In the first 10 transactions

(C) In the first 15 transactions
(D) In every transaction

Q.10. What is the validity of a real estate agent’s registration?

(A) 1 year
(B) 5 years
(C) 10 years
(D) Lifetime

Q.11. What are the types of real estate agents?

(A) Individual
(B) Non-Individual
(C) All of the above
(D) None of the above

Q.12. In the case of non-individual real estate agents under whose name is
their Certificate of Registration?
On the name of the organization

Q.13. Can a real estate agent market or advertise the sale or purchase of any
apartment before registration?
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q.14. What is the name of the form to register a real estate agent?
(A) Form G
(B) Form H
(C) Form I
(D) Form J

Q15. List out all the documents required to be submitted for registration of
real estate agents?

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Q16. What is the fees for registration of individual real estate agents?
(A) ₹ 1000
(B) ₹ 2000
(C) ₹ 5000
(D) ₹ 10,000

Q18. Do public authorities need to register as real estate agent?

(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q19. How many days earlier should one apply for renewal?
(A) At least 10 days
(B) At least 20 days
(C) At least 30 days
(D) At least 60 days

Q20. What is the name of the form for renewal?

(A) Form G
(B) Form H
(C) Not specified
(D) Form J

Q21. What is the validity of renewals granted for registrations to a real estate
agent?
(A) 1 year
(B) 5 years
(C) 10 years
(D) Lifetime

Q22. Can a registered real estate agent facilitate a real estate project which
is not registered with the Authority/MAHARERA?
(A) Yes
(B) No
(C) Both a & b
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(D) None of the above

Q23. Should a real estate agent falsely advertise about a real estate project?
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q24. Should a real estate agent facilitate the possession of all information
and documents entitled to the allottee at the time of booking?
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q26. Is it required for real estate agents to maintain and preserve books of
accounts?
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q27. Can the Authority revoke or suspend the registration of any real estate
agent before giving the agent to be heard?
(A) Yes
(B) No
(C) Both a & b
(D) None of the above

Q28. After a real estate agent’s registration is revoked, when can he apply
for fresh application?
(A) After 3 months
(B) After 6 months
(C) After 9 months
(D) After 12 months

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CHAPTER-06
Q.1. What is the first step in the registration process of a project in RERA?
(A) Filing an application
(B)
(C) Paying registration fee
(D) Submitting project details

Q.2. What documents are required to register a project in RERA?

(A) Proof of ownership of land
(B) Building plan and layout
(C) Promoter's PAN card
(D) All of the above

Q.4. Is it mandatory for all real estate projects (with more than 8 units) in
Maharashtra to register with MahaRERA?
(A) Yes
(B) No

Q.5. What happens if a project is not registered with MahaRERA?

(A) It cannot be marketed or sold
(B) It can only be marketed but not sold
(C) It can be marketed and sold but with a penalty
(D) It can be marketed and sold without any penalty

Q.7. How many days does the registration process take for a project in
MahaRERA?
(A) 30 days
(B) 60 days
(C) 90 days
(D) 120 days

Q.8. What is the role of MahaRERA in the registration process of a project?

(A) To approve the project
(B) To monitor the project's compliance with regulations
(C) To issue a registration certificate
(D) All of the above
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Q.9. Is it mandatory for a promoter to deposit 70% of the funds collected

from buyers in a separate bank account as per RERA regulations?
(A) Maybe
(B) No
(C) Yes
(D) None of the above

Q.10. Are promoters of RERA-registered projects allowed to make changes to

the approved plans without the consent of buyers?
(A) Yes
(B) No

Q.11. Can a RERA-registered project be transferred to another promoter

without the consent of buyers?
(A) Yes
(B) No

Q.12. What is the promoter's responsibility in terms of providing information

to buyers in a RERA-registered project?
(A) Providing all information about the project, including details of
approvals, layout plans, and agreements
(B) Providing only selective information about the project
(C) Providing no information about the project
(D) None of the above

Q13. Who is responsible for the timely completion of a real estate project as
per RERA regulations?
(A) RERA
(B) Promoter
(C) Registered agent
(D) All of the above

Q14. How often are project details required to be updated with RERA?
(A) Monthly
(B) Quarterly
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(C) Half-yearly
(D) Annually

Q15. What is the penalty for non-compliance with RERA regulations for a
real estate project?
(A) Fine of up to 10% of the project cost
(B) Imprisonment for up to 3 years
(C) Both a and b
(D) None of the above

Q16. What is the deadline for registering a real estate project with RERA?
(A) 30 days from the date of launch
(B) 60 days from the date of launch
(C) 90 days from the date of launch
(D) No Deadline

Q17. What is the promoter's responsibility in terms of providing title deeds of

a RERA-registered project?
(A) To provide the title deeds within 90 days after receiving O/C
(B) To provide the title deeds only after full payment
(C) Not to provide the title deeds
(D) None of the above

Q18. Under what circumstances can RERA revoke the registration of a real
estate project?
(A) Violation of RERA regulations
(B) Failure to complete the project within the specified time frame
(C) Misrepresentation of facts
(D) All of the above

Q19. What is the process for revocation of registration of a real estate project
by RERA?
(A) Written notice to the promoter
(B) Hearing and inquiry
(C) Final decision by RERA
(D) All of the above

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Q20. Can a promoter appeal the revocation of registration of a project by

RERA?
(A) Yes
(B) No

Q21. What are the consequences of the revocation of registration of a project

by RERA?
(A) The project cannot be marketed or sold
(B) The promoter may face penalties and fines
(C) The promoter may be barred from future real estate projects
(D) All of the above

Q22. Can RERA revoke the registration of a project after its completion?
(A) Yes
(B) No

Q23. What is the time frame for a developer to reply to a complaint filed
with MAHARERA?
(A) 5 days
(B) 10 days
(C) 15 days
(D) 30 days

Q24. Registration is valid from date of issuance of Registration Certificate to

Date of Completion of Project
(A) True
(B) False

Q25. Promoter has to provide list of Real Estate Agents allowed to facilitate
booking or sale of the apartments in the projects.
(A) True
(B) False

CHAPTER-07
Q.1. Who is responsible for starting a company and getting it registered with
the authorities?
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(A) Shareholders
(B) Promoters
(C) Directors
(D) Employees

Q.3. What is the role of a promoter in a company?

(A) Providing funding for the company
(B) Developing the business plan and securing funding for the company
(C) Ensuring compliance with legal and regulatory requirements
(D) All of the above

Q.4. What is the difference between a promoter and a shareholder?

(A) Promoters are responsible for managing the company, while shareholders
simply own shares.
(B) Promoters are responsible for providing funding for the company, while
shareholders simply own shares.
(C) Promoters are responsible for developing the business plan, while
shareholders simply own shares.
(D) Promoters are responsible for ensuring compliance with legal and
regulatory requirements, while shareholders simply own shares.

Q.11. Which of the following is a rule under the Real Estate (Regulation and
Development) Act (RERA) for promoters?
(A) Disclosure of all information related to the project to the allottees
(B) Provision for filing complaints against the allottees
(C) All of the above
(D) None of the above

Q.12 What is the rule under RERA related to the deposit of project funds in a
separate bank account?
(A) Promoters are required to deposit 70% of the project funds in a separate
bank account
(B) Promoters are required to deposit 100% of the project funds in a
separate bank account
(C) Promoters are not required to deposit any project funds in a separate
bank account
(D) There is no such rule under RERA

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Q.13 Which of the following is a rule under RERA for allottees?

(A) Provision for filing complaints against promoters and real estate agents
with RERA authorities
(B) Extension of the timeline for registration of real estate projects
(C) Provision for changing the project plans without the consent of the
promoters
(D) None of the above

Q.14 What is the rule under RERA related to the timeline for registration of
real estate projects?
(A) There is no timeline for registration of real estate projects
(B) The timeline for registration is determined by the local authorities
(C) Promoters are required to register their projects if he/she wants to start
selling
(D) Allottees are required to register for possession of the apartments within
a specified timeframe

Q.15 What is the rule under RERA related to the liability of the promoter for
structural defects in the apartments?
(A) The promoter is not liable for any structural defects in the apartments
(B) The liability of the promoter for structural defects is unlimited and
extends beyond 5 years after the possession of the apartments is given to the
allottees
(C) The liability of the promoter for structural defects is limited to 5 years
after the possession of the apartments is given to the allottees The liability of
the promoter for structural defects is limited to 5 years after the possession of
the apartments is given to the allottees
(D) Allottees are liable for any structural defects in the apartments after
possession is given

Q.16 Which of the following is a responsibility of a Promoter under the Real

Estate (Regulation and Development) Act (RERA)?
(A) Providing incomplete or false information to Allottees
(B) Non-disclosure of information related to the project to Allottees
(C) Adhering to the timeline for project completion
(D) All of the above

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Q.17 What is the responsibility of a Promoter related to the deposit of project

funds in a separate bank account under RERA?
(A) The Promoter is not responsible for the deposit of project funds in a
separate bank account
(B) The Promoter is responsible for depositing 70% of the project funds in a
separate bank account
(C) The Promoter is responsible for depositing 100% of the project funds in a
separate bank account
(D) The Promoter is responsible for depositing project funds in any bank
account of their choice

Q.18 Which of the following is a responsibility of an Allottee under RERA?

(A) Paying the full amount for the apartment before possession is given
(B) Providing incomplete information to Promoters
(C) Ensuring timely payments of installments as per the payment schedule
(D) None of the above

Q.19 What is the responsibility of an Allottee related to the maintenance of

the apartment after possession is given?
(A) The Allottee is not responsible for the maintenance of the apartment
after possession is given
(B) The Allottee is responsible for the maintenance of the apartment until
possession is given
(C) The Allottee is responsible for the maintenance of the apartment after
possession is given and has to pay maintenance charges to the Promoter
(D) The responsibility of maintenance is shared equally between the
Promoter and the Allottee

Q.20 What is the responsibility of a Promoter related to the rectification of

structural defects in the apartments?
(A) The Promoter is responsible for rectifying structural defects in the
apartments upto 8 year of possession being given to the Allottees
(B) The Promoter is responsible for rectifying structural defects in the
apartments within 1 year of possession being given to the Allottees
(C)The Promoter is responsible for rectifying structural defects in the
apartments within 5 years of possession being given to the Allottees
(D) The Promoter is responsible for rectifying structural defects in the
apartments at any time after possession is given to the Allottees

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CHAPTER-08
Q1. What should the promoter do before marketing the collateral of a
project?
A. Advertise the project in local newspapers
B. Register the project with local authorities
C. Obtain a MahaRERA project registration number
D. Get a building permit for the project

Q2. Where can the details of a registered MahaRERA project registration

number be found?
A. MahaRERA web portal
B. Local government office
C. Promoter's office
D. Real estate agent's office

Q3. Where can information on all the promises made by the promoter
regarding common areas and facilities be found?
A. MahaRERA web portal
B. Local government office
C. Promoter's office
D. Real estate agent's office

Q4. Is "title" a legal term?

A. Yes
B. No
C. It depends
D. Not applicable

Q5. What does the term "title" mean?

A. Right to rent property
B. Right to own property
C. Right to lease property
D. Right to borrow property

Q6. What rights does a title give the owner?

A. Right of leasehold
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B. Right of tenancy
C. Right of ownership
D. Right to mortgage

Q7. What is the most important factor to consider before purchasing a

property?
A. Location
B. Price
C. Condition of the property
D. Clear title to the property

Q8. What are the factors that contribute to due diligence in ensuring a clear
title to a property?
A. Ascertain the existence of the title with the promoter
B. The nature and marketability of the title
C. The promoter's ability to convey clear and marketable title
D. All of the above

Q9. What is the format for a legal title report prescribed by MahaRERA?
A. Description of the property
B. Allotment document for the plot
C. 7/12 extract or property card from a competent authority
D. All of the above

Q10. What multiple documents are required for the development of a real
estate project?
A. Description of the property
B. Allotment document for the plot
C. Intimation of disapproval
D. All of the above

Q11. What approval is required for the development of a real estate project
to convert agricultural land to non-agricultural use?
A. Conversion and land-use permission
B. Layout approval
C. Intimation of disapproval

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D. Commencement certificate

Q12. What is the approval of the layout plan for a real estate project, which
provides a blueprint for land development including buildings, facilities, open
areas, and parks?
A. Conversion and land-use permission
B. Layout approval
C. Intimation of disapproval
D. Commencement certificate

Q13. What is a building permit required to take possession by people, subject

to conditions such as obtaining NOCs from various departments and
government authorities?
A. A Completion Certificate
B. A Building Permit
C. An Occupancy Certificate
D. A Final Inspection Report

Q14. What can affect the marketability of a property and make it difficult to
sell?
A. High mortgage rate
B. A violation of zoning laws
C. Non-payment of property taxes
D. A high crime rate in the neighbourhood

Q.15 What should a homebuyer ask the promoter regarding property taxes?
(A)The property tax rate
(B)The amount of property taxes paid
(C)Receipts of all utility bills from the promoter
(D)The property tax assessment

Q.16 Where can the promoter provide a list of all litigations (if any) against
the project?
(A)On the website of the local municipality
(B) On the website of the local real estate board
(C)On the MahaRERA website
(D)On the website of the local housing authority
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Q.17 Who is responsible for ensuring that the allotment letter/Agreement of

Sale are as per the proforma provided on the MahaRERA website?
(A) The Real Estate Agent
(B) The Allottee
(C) The Promoter
(D) The Architect

Q.18 What was the problem with the calculation of apartment area prior to
RERA?
(A)Lack of standardization
(B)Overcharging by promoters
(C)Inaccurate measurement methods
(D)Lack of transparency

Q.19 How does RERA standardize the calculation of carpet area?

(A)By using a standard measurement tool
(B)By using a standard formula
(C)By using a standard measuring unit
(D)By using a standard measurement technique

Q.20 What is included in the RERA Carpet area?

(A)Net usable floor area
(B)Internal partition walls
(C)both A and B
(D)None of the above

Q.21 How does the standardization of carpet area definition benefit

homebuyers?
(A)It helps them make informed decisions
(B)It allows for easy comparison between projects
(C)It provides clarity on the usable area
(D)All of the above

Q.22 Why is it important for allottees to determine the carpet area of the
apartment they are considering?

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(A)To make an informed decision

(B)To understand the usable area
(C)both A and B
(D)None of the above

CHAPTER-09
Q.1: What is the first crucial document during the purchase of an apartment?
(A) An allotment letter
(B) agreement for sale
(C) Payment receipt
(D) Sanctioned plan

Q.2: Who provides the allotment letter?

(A) Allottee
(B) Agent
(C) Bank
(D) Promoter

Q.3: When is the allotment letter provided by the promoter to the allottee?
(A) When the property is already built and ready for possession
(B) When the allottee is buying a resale property
(C) When the allottee is buying an under-construction property
(D) After possession is handed over to the allottee

Q.4: What is the maximum amount to be paid by the allottee for issuing the
allotment letter by the promoter?
(A) 5% of agreement value
(B) 15% of agreement value
(C) 10% of agreement value
(D) 20% of agreement value

Q.5: Can the promoter ask for 15% of the property value for issuing the
allotment letter?
(A) Yes, the promoter can ask for 15%
(B) No, the promoter can only ask for 10%
(C) Yes, the promoter can ask for up to 25% maximum
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(D) No, the promoter can only ask for 12%

Q.6: What are the details prescribed in a model allotment letter?

(A) Proposed apartment or plot
(B) Parking space allotted (if any)
(C) amount of payment received by promoter
(D) All of the above

Q.7: What are the contents of the allotment letter?

(A) Allotment of the said unit
(B) Allotment of parking space(s)
(C) Receipt of part consideration
(D) All of the above

Q.8 In which part of the allotment letter are the following details present?

BHK flat / villa / bungalow /commercial premises

Bearing number
RERA carpet
MahaRERA Registration No
Bearing C. S. No(s)/CST no/Final Plot no/Survey no/Hissa no/Gat no/Kharsa
no/Plot no
Address (village, taluka, district)
Admeasuring (Area)
Total consideration of Rs
(A)Allotment of the said unit
(B)Allotment of Parking Space(s)
(C)Receipt of part consideration
(D)Disclosures of information

Q.9. These details are present in which part of document?

bearing no(s)
“admeasuring (Area)
garage/level basement/ podium /stilt parking/ mechanical car parking unit "
(A)Allotment of the said unit
(B)Allotment of Parking Space(s)
(C)Receipt of part consideration
(D)Disclosures of information
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Q.10 These details are present in which part of the document?

amount received
Amount in percentage (%) of unit cost
Date
Mode of payment"
(A)Allotment of the said unit
(B)Allotment of Parking Space(s)
(C)Receipt of part consideration
(D)Disclosures of information

Q.11 "These details are present in which part of the document?

The sanctioned plans, layout plans, along with specifications, approved by
the competent authority
The stage-wise schedule "
(A)Allotment of the said unit
(B)Allotment of Parking Space(s)
(C)Receipt of part consideration
(D)Disclosures of information

Q.12 "These details are present in which part of the document? Confirm that
the said unit is free from all encumbrances
The website address "
(A)Search and Encumbrances Report
(B)Allotment of Parking Space(s)
(C)Receipt of part consideration
(D)Disclosures of information

Q. 13 Which part of the Allotment contains these details?

“consideration of the said unit as well as of the garage(s), covered car
parking space(s ) shall be made by you, in the manner and at the times as
well as on the terms and conditions as more specifically enumerated / stated
in the agreement for sale to be entered into between ourselves and
yourselves. "
(A)Possession
(B)Encumbrance
(C)Further Payment
(D)Disclosures of information
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Q. 14. Which part of the Allotment contains these details?

“said unit, along with the garage(s)/covered car parking spaces(s) shall be
handed over to you on or before the date subject to the payment of the
consideration amount of the said "
(A)Possession
(B)Encumbrance
(C)Further Payment
(D)Disclosures of information

Q.15) What is the interest to be paid to the promoter if the allotee delay in
making any payments?
A) State Bank of India highest Marginal Cost of Lending Rate plus two
percent
B) Central Bank of India highest Marginal Cost of Lending Rate plus two
percent
C) Two percent interest
D) No interest

Q.16) "In case you desire to cancel the booking after receiving the allotment
letter, what will happen if the allottee is not refunded within 45 days from
the date of receipt of your letter requesting to cancel the said booking?
Allottee shall be entitled to receive the balance amount with interest
calculated at the rate which shall be the "
A) State Bank of India highest Marginal Cost of Lending Rate plus two
percent
B) Central Bank of India highest Marginal Cost of Lending Rate plus two
percent
C) Two percent interest
D) No interest

Q.17) Do allotee or promoter need to pay for GST, stamp duty and
registration charges for agreement for sale?
A) Promoter
B) Allotee
C) Both
D) No need

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Q.18) Execute the agreement for sale and appear for registration of the same
before the concerned Sub-Registrar within a period of
A) 1 month from the date of issuance of Allotment letter
B) 2 months from the date of issuance of Allotment letter
C) 3 months from the date of issuance of Allotment letter
D) 4 months from the date of issuance of Allotment letter

Q.19) What will happen if you fail to execute the agreement to sale within
the stipulated period of 2 months from the date of the issuance of the
Allotment letter?
A) There will be a notice calling to execute the agreement for sale & appear
for registration of the same within 15 (Fifteen Days).
B) There will be a notice calling to execute the agreement for sale & appear
for registration of the same within 30 (thirty Days).
C) There will be a notice calling to execute the agreement for sale & appear
for registration of the same within 2 months
D) There will be no notice calling to execute the agreement for sale & appear
for registration of the same

Q.20) What if we fail to execute the agreement to sale after the notice
calling period (2 months +15 days)?
A) Allotee shall be entitled to cancel this allotment letter and further
B) Allotee shall be entitled to forfeit an amount not exceeding 2% of the cost
of unit
C) The balance amount if any due and payable shall be refunded without
interest within 45 days from the date of expiry of the notice period.
D) all of the above

Q.21) What is the date of expiry of the notice period?

A) One-month period allotee has to register for agreement for sale plus the
extra 10 days’ notice calling period.
B) Two-month period allottee has to register for agreement for sale plus the
extra 15 days’ notice calling period.
C) Three-month period allottee has to register for agreement for sale plus the
extra 20 days’ notice calling period.
D) Four-month period allottee has to register for agreement for sale plus the
extra 30 days’ notice calling period.

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Q.22) Is the Stagewise time schedule of completion of the project required to

show by the promoter?
A) Yes
B) No
C) May be yes
D) Not sure

Q.23: The Agreement for Sale is registered in which act?

(A) Registered under the Indian Agreement Act, 1872
(B) Registered under the Indian Contract Act, 1872
(C) Registered under the Indian Agreement Act, 1972
(D) Registered under the Indian Contract Act, 1972

Q.24: What is the maximum amount to be paid for the execution of the
agreement for sale as registration fees?
(A) 10,000
(B) 20,000
(C) 30,000
(D) 40,000

Q.25: What is the maximum amount to be paid on completing the Plinth of

the building or wing in which the said apartment is located?
(A) 15%
(B) 25%
(C) 35%
(D) 45%

Q.26: What is TDS?

(A) Transfer Development Status
(B) Tax Deducted at Source
(C) Tax Deducted on Salary
(D) Testing Development Source

Q.27: Who has the power to deduct the TDS rate on property purchase?
(A) Developer
(B) Agent
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(C) Buyer
(D) None of the above

Q.28: What is the amount deducted on TDS on the purchase of property

above 50 lakhs?
(A) The buyer needs to deduct 0.5% on the sale
(B) The buyer needs to deduct 1% on the sale
(C) The buyer needs to deduct 1.5% on the sale
(D) The buyer needs to deduct 2% on the sale

Q.29: Do we need to pay TDS on agricultural land?

(A) No
(B) Yes

Q.30: What are the taxes applied to NRIs on the purchase of property?
(A) Capital Gain Tax
(B) TDS
(C) Both A and B
(D) Income Tax

Q.31: What are the ways to pay TDS?

(A) When execution of the conveyance deed
(B) When paying advance before the execution of the conveyance deed.
(C) When we move into the property
(D) Both A and B

Q.32: What is a form need to fill TDS payment on property purchase?

(A) form no.3A, a form-cum-Challan
(B) form no.3B, a form-cum-Challan
(C) form no.26QA, a form-cum-Challan
(D) form no.26QB, a form-cum-challan

Q.33: What are the different types of TDS deduction based on the property?
(A) Lower Deduction of TDS on Purchase of Property
(B) TDS on Purchase of Immovable Property
(C) TDS on Property Purchase from NRI
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(D) All of the above

Q.34: Calculate the amount of TDS deducted on a property of 45lacs and

50lacs?
(A)For 45lacs TDS will be 45,000 and for 50lacs TDS will be 50,000
(B)For 45lacs TDS will be 0 and for 50lacs TDS will be 50,000
(C)For 45lacs TDS will be 90,000 and for 50lacs TDS will be 1,00,000
(D)For 45lacs TDS will be 30,000 and for 50lacs TDS will be 30,000

Q.35: What are the types of interest rates for home loans?
(A) fixed and floating.
(B) Fixed and current
(C) Simple and Compound.
(D) none of the above

Q.36: Interest rate is a rate that remains the same for the entire loan tenure is
called?
(A)Floating Interest Rate
(B)fixed interest rate
(C)Temporary Interest Rate
(D)Compound Interest Rate

Q.37: Interest rate is a rate that can change periodically and is directly linked
to the Marginal Cost of Funds based Lending Rate (MCLR).
(A)Floating Interest Rate
(B)fixed interest rate
(C)Temporary Interest Rate
(D)Compound Interest Rate

Q.38: What are the factors determined to get a home loan?

(A)Credit score, income level, employment history, and debt-to-income ratio.
(B) Both A and C
(C) Allotee's savings, assets, and collateral.
(D)Anyone can get home loan

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Chapter - 10
Q.1 What is the GST rate tax slab for affordable housing?
(A)4% with input Tax Credit (ITC) and 2% without input Tax Credit (ITC)
(B)8% with input Tax Credit (ITC) and 1% without input Tax Credit (ITC)
(C)12% with input Tax Credit (ITC) and 5% without input Tax Credit (ITC)
(D)16% with input Tax Credit (ITC) and 0% without input Tax Credit (ITC)

Q.2 What is the GST rate tax slab for non-affordable housing?
(A)4% with input Tax Credit (ITC) and 2% without input Tax Credit (ITC)
(B)8% with input Tax Credit (ITC) and 1% without input Tax Credit (ITC)
(C)12% with input Tax Credit (ITC) and 5% without input Tax Credit (ITC)
(D)16% with input Tax Credit (ITC) and 0% without input Tax Credit (ITC)

Q.3 Is stamp duty and registration charges are imposed in addition to GST?
(A)No
(B)Yes
(C)Both A and B
(D)not sure

Q.4 For Ready-to-move properties what will be the GST Rate?

(A)0 %
(B)6%
(C)12%
(D)18%

Q.5 TDS was introduced under a new section, 194 (A) included in the Income
Tax Act, 1961 by which act?
(A)TDS Act,2013
(B)TDS Act ,1997
(C)Finance Act, 2013
(D)Finance Act, 1997

Q.6 What is The property registration charges in Maharashtra?

(A)2.5% of the total cost for the properties priced and maximum is 1,00,000
(B)2% of the total cost for the properties priced and maximum is 50,000
(C)1.5% of the total cost for the properties priced and maximum is 10,000
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(D)1% of the total cost for the properties priced and maximum is 30,000

Q.7 Registering the documents relating to the transfer, sale or lease of a

property is mandatory by which law and section?
(A)law under Section 17 of the Indian Transfer Act, 1908
(B)law under Section 17 of the Finance Act, 1908
(C)law under Section 17 of the Indian Registration Act, 1908
(D)None of the above

Q.8 According to the law, if the property documents are not duly registered,
what will happen if there is any case in court of law?
(A)The owners will have to pay the fine.
(B)The owners will not be able to contest any case in court.
(C)The owners will have to contest the case in court.
(D)The property will be taken from the owner by the government.

Q.9 Stamp duty Maharashtra is payable to the state or central government?

(A)Central government
(B)State government
(C)Both of them
(D)None of the above

Q.10 The Maharashtra Stamp Act was passed in which year?

(A)1958
(B)1947
(C)1890
(D)2000

Q.11 Stamp Act 1958 is also known as?

(A)Maharashtra Stamp Act 1958
(B)Central Stamp Act 1958
(C)Bombay Stamp Act 1958
(D)Stamp Duty Act 1958

Q.12. On what type of transaction is the stamp duty tax paid?

(A) Every transaction including exchange of documents.
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(B) Execution of instruments.

(C) Both A and B
(D) All transactions related to real estate

Q.13. What is the stamp duty rate range in Maharashtra?

(A) 3% and 5%
(B) 5% and 7%
(C) 7% and 9%
(D) 9% and 12%

Q.14. Is there a difference between men and women when paying the stamp
duty?
(A) Men Buyers are provided Concession of 1%
(B) Women buyers are provided a concession of 1%
(C) No, Only in Special Cases
(D) Men and women are equal

Q.15. What is the name of the document that represents the cost head to be
paid by owner at different stages of business operations in a tabular format?
(A) Proposal sheet
(B) Schedule sheet
(C) Cost sheet
(D) Payment sheet

Answer Bank
Chapter - 1
Q.1 (A) Q.2 (A) Q.3 (A) Q.4 (A) Q.5 (A)
Q.6 (A) Q.7 (A) Q.8 (D) Q.9 (A) -
Q.11 (A) - Q.13 (B) Q.14 (A) Q.15 (B)
- Q.17 (B) Q.18 (C) Q.19 (C) Q.20 (A)
Chapter - 2
Q.1 (D) Q.2 (B) Q.3 (A) Q.4 (D) Q.5 (D)
Q.6 (D) Q.7 (D) Q.8 (B) Q.9 (A) Q.10 (D)
Q.11 (B) Q.12 (C) Q.13 (A) Q.14 (B) Q.15 (C)
Q.16 (B) Q.17 (B) Q.18 (D) Q.19 (B) Q.20 (A)

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Chapter - 3
Q.1 (A) Q.2 (D) Q.3 (D) Q.4 (A) Q.5 (D)
Q.6 (B) Q.7 (A) Q.8 (A) Q.9 (D) Q.10 (C)
Q.11 (A) Q.12 (D) Q.13 (D) Q.14 (B) Q.15 (C)
Q.16 (D) Q.17 (C) Q.18 (A) Q.19 (D) Q.20 (A)
Q.21 (A) Q.22 (D) Q.23 (B) Q.24 (D) Q.25 (A)
Q.26 (C)
Chapter - 4
Q.1 (D) Q.2 (A) Q.3 - Q.4 (A) Q.5 (B)
Q.6 (A) Q.7 (A) Q.8 (A) Q.9 (A) Q.10 (D)
Q.11 (A) Q.12 (D) Q.13 (D) Q.14 (A) Q.15 (D)
Q.16 (C) Q.17 (A) Q.18 (D) Q.19 (D)

Chapter - 5
Q.1 (C) Q.2 (B) Q.3 (D)
Q.4 The reason for rejection ill be provided in writing to the agent by the
authority
Q.5 (B) Q.6 (A) Q.7 (C)
Q.8 The agent's application is demeed to have been registered
Q.9 (D) Q.10 (D) Q.11 (C)
Q.12 On the name of the organisation
Q.13 (B) Q.14 (A)
Q.15 PAN, Aadhaar Card No, recent colour photograph, income-tax returns
for last three financial years, proof of address, details of all civil or criminal
cases pending against him, details (if any) of all real estate projects and their
promoters on whose behalf he has acted as real estate agent in preceeding
five years
Q.16 (D) - Q.18 (B) Q.19 (D) Q.20 (D)
Q.21 (B) Q.22 (B) Q.23 (B) Q.24 (A) -
Q.26 (A) Q.27 (B) Q.28 (B) Q.26 (A)
Chapter - 6
Q.1 (A) Q.2 (D) - Q.4 (A) Q.5 (A)
- Q.7 (A) Q.8 (D) Q.9 (C) Q.10 (B)
Q.11 (B) Q.12 (A) Q.13 (B) Q.14 (B) Q.15 (A)
Q.16 (D) Q.17 (A) Q.18 (D) Q.19 (D) Q.20 (A)
Q.21 (D) Q.22 (A) Q.23 (D) Q.24 (A) Q.25 (A)
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Chapter - 7
Q.1 (B) - Q.3 (D) Q.4 (D) Q.5 (B)
Q.11 (A) Q.12 (A) Q.13 (A) Q.14 (C) Q.15 (C)
Q.16 (C) Q.17 (B) Q.18 (C) Q.19 (C) Q.20 (C)
Chapter - 8
Q.1 (C) Q.2 (A) Q.3 (A) Q.4 (A) Q.5 (B)
Q.6 (C) Q.7 (D) Q.8 (D) Q.9 (D) Q.10 (D)
Q.11 (A) Q.12 (B) Q.13 (C) Q.14 (B) Q.15 (C)
Q.16 (C) Q.17 (C) Q.18 (A) Q.19 (B) Q.20 (C)
Q.21 (D) Q.22 (C)
Chapter - 9
Q.1 (A) Q.2 (D) Q.3 (C) Q.4 (C) Q.5 (B)
Q.6 (D) Q.7 (D) Q.8 (A) Q.9 (B) Q.10 (C)
Q.11 (D) Q.12 (A) Q.13 (C) Q.14 (A) Q.15 (A)
Q.16 (A) Q.17 (B) Q.18 (B) Q.19 (A) Q.20 (D)
Q.21 (B) Q.22 (A) Q.23 (B) Q.24 (C) Q.25 (D)
Q.26 (B) Q.27 (C) Q.28 (B) Q.29 (A) Q.30 (B)
Q.31 (D) Q.32 (D) Q.33 (D) Q.34 (B) Q.35 (A)
Q.36 (B) Q.37 (A) Q.38 (B)
Chapter - 10
Q.1 (B) Q.2 (C) Q.3 (B) Q.4 (A) Q.5 (C)
Q.6 (D) Q.7 (C) Q.8 (B) Q.9 (B) Q.10 (A)
Q.11 (C) Q.12 (C) Q.13 (B) Q.14 (B) Q.15 (C)

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