MahaRERA Exam Mock Test | MahaRERA Homes

#1. What is the deadline for registering a real estate project with RERA Authority?

30 days from the date of launch

60 days from the date of launch

90 days from the date of launch

No Deadline

#2. Registering the documents relating to the transfer, sale or lease of a property is mandatory by which law and section?

Law under Section 17 of the Indian Transfer Act, 1908

Law under Section 17 of the Finance Act, 1908

Law under Section 17 of the Indian Registration Act, 1908

None of the Above

#3. Which document is necessary to establish the project details for MahaRERA registration?

Project plan

Approval from local Authorities

Both A & B

None of the above

#4. Who are important stakeholders for the allottees?

Real Estate Agents

Client

Customer

Bank

#5. Which of the following is not a requirement for transparency in MahaRERA?

Disclosing information about the project

Making decisions in secret

Publishing reports on the project's progress

Providing access to records and documents

#6. 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?

Proposal sheet

Schedule sheet

Cost sheet

Payment sheet

#7. For Ready-to-move properties what will be the GST Rate?

0%

6%

12%

18%

#8. Is stamp duty and registration charges are imposed in addition to GST?

No

Yes

Both A & B

Not Sure

#9. What documents are required to register a project in RERA?

Proof of ownership of land

Building plan and layout

Promoter's PAN card

All of the above

#10. What is the GST rate tax slab for non-affordable housing?

4% with input Tax Credit (ITC) and 2% without input Tax Credit (ITC)

8% with input Tax Credit (ITC) and 1% without input Tax Credit (ITC)

12% with input Tax Credit (ITC) and 5% without input Tax Credit (ITC)

16% with input Tax Credit (ITC) and 0% without input Tax Credit (ITC)

#11. What is the maximum amount to be paid by the allottee for issuing the allotment letter by the promoter?

5% of agreement value

15% of agreement value

10% of agreement value

20% of agreement value

#12. TDS was introduced under a new section, 194 (IA) included in the Income Tax Act, 1961 by which act?

TDS Act,2013

TDS Act ,1997

Finance Act, 2013

Finance Act, 1997

#13. When did the remaining section of RERA come into force?

01 May 2017

01 May 2016

01 May 2022

01 May 2015

#14. When did the RERA act come into existence?

01 May 2017

01 May 2016

08 March 2027

14 August 2013

#15. Who is responsible for registering real estate projects on the MahaRERA portal?

The developer of the project

The buyer of the property

The government of Maharashtra

The real estate agent

#16. Which body was key in drafting Real Estate (Regulation and Development) Act, 2016?

State Government

Ministry of Home Affairs

HUPA (Housing & Urban Poverty levitation)

Ministry of Finance

#17. These details are present in which part of document? Bearing no(s) “admeasuring (Area) garage/level basement/ podium /stilt parking/ mechanical car parking unit “

Allotment of the said unit

Allotment of Parking Space(s)

Receipt of part consideration

Disclosures of information

#18. When did RERA Act come into force?

01 May 2017

01 May 2016

01 May 2015

24 July 2016

#19. Are promoters of RERA-registered projects allowed to make changes to the approved plans without the consent of buyers?

Yes

No

Both A & B

None of the Above

#20. Which is not one of the key pillars of MAHARERA?

Transparency

Accountability

Customer centricity

Payment to vendors

#21. What is the role of MahaRERA in the registration process of a project?

To approve the project

To monitor the project's compliance with regulations

To issue a registration certificate

All of the Above

#22. When did the RERA become fully operational?

01 May 2017

01 May 2016

08 March 2017

14 August 2013

#23. When was the RERA Bill introduced?

01 May 2016

01 May 2017

08 March 2017

14 August 2013

#24. Promoter shall be required to provide updates on the status of projects to authority ________.

Monthly

Quarterly

Six Monthly

Yearly

#25. Who is responsible for starting a company and getting it registered with the authorities?

Shareholders

Promoters

Directors

Employees

#26. What is the responsibility of a Promoter related to the rectification of structural defects in the apartments?

The Promoter is responsible for rectifying structural defects in the apartments upto 8 year of possession being given to the Allottees

The Promoter is responsible for rectifying structural defects in the apartments within 1 year of possession being given to the Allottees

The Promoter is responsible for rectifying structural defects in the apartments within 5 years of possession being given to the Allottees

The Promoter is responsible for rectifying structural defects in the apartments at any time after possession is given to the Allottees

#27. Is it required for real estate agents to maintain and preserve books of accounts?

Yes

No

Both A & B

None of the Above

#28. Who is responsible for the timely completion of a real estate project as per RERA regulations?

RERA Authority

Promoter

Registered agent

All of the above

#29. What is the maximum amount of penalty that can be imposed on a developer for violation of MahaRERA rules?

5% of project cost

10% of project cost

8% of project cost

None of the above

#30. What rights does a title give the owner?

Right of leasehold

Right of tenancy

Right of ownership

Right to mortgage

#31. After a real estate agent’s registration is revoked, when can he apply for fresh application?

After 3 months

After 6 months

After 9 months

After 12 month

#32. Full form of MAHARERA:

Maharashtra Real estate regulatory authority

Maharashtra real estate regulation act

Maharashtra real estate regulatory act

Maharashtra real estate responsibility act

#33. What is the maximum amount of interest that can be charged by developers on delayed payments?

SBI HMLR + 2 %

RBI Base rate + 2 %

World Bank Base rate + 2 %

SBI HMLR + 4 %

#34. Once a real estate agent receives his registration where is he eligible to transact?

All over India

In Div Daman, Dadra Nagar Haveli & Maharashtra

In Maharashtra and Goa

Within the entire state of Maharashtra

#35. Where can the details of a registered MahaRERA project registration number be found?

MahaRERA web portal

Local government office

Promoter's office

Real estate agent's office

#36. Can a real estate agent facilitate the sale of any Maharera registered plot, apartment, or building before registration?

Yes

No

Both A & B

None of the above

#37. Which of the following is a responsibility of a Promoter under the Real Estate (Regulation and Development) Act (RERA)?

Providing incomplete or false information to Allottees

Non-disclosure of information related to the project to Allottees

Adhering to the timeline for project completion

All of the above

#38. What does legal title comprise of?

Description of the property

Allotment document descriptions for the plot

7/12 extract or property card from a competent authority

All of the above

#39. Any person not satisfied with any decision of appellate tribunal may file an appeal to ________.

District Court

High Court

Supreme Court

Authority

#40. What are the consequences of the revocation of registration of a project by RERA?

The project cannot be marketed or sold

The promoter may face penalties and fines

The promoter may be barred from future real estate projects

All of the above

#41. Can a registered real estate agent facilitate a real estate project which is not registered with the Authority/MAHARERA?

Yes

No

Both A & B

None of the Above

#42. What is the process for revocation of registration of a real estate project by RERA?

Written notice to the promoter

Hearing and inquiry

Final decision by RERA

All of the above

#43. What is The property registration charges in Maharashtra?

2.5% of the total cost for the properties priced and maximum is 1,00,000

2% of the total cost for the properties priced and maximum is 50,000

1.5% of the total cost for the properties priced and maximum is 10,000

1% of the total cost for the properties priced and maximum is 30,000

#44. 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?

Every Real Estate Agent

Allottees

Engineer

All of These

#45. Promoter has to provide list of Real Estate Agents allowed to facilitate booking or sale of the apartments in the projects.

True

False

Both True or False

None of the above

#46. Should a real estate agent falsely advertise about a real estate project?

Yes

No

Both A & B

None of the Above

#47. 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?

3 Days

5 Days

7 Days

10 Days

#48. Under which menu of MahaRERA portal We can download the GR and notification published by MahaRERA?

Download

Registration

Home

Online registration

#49. Which of the following is a provision under RERA for allottees?

Provision for filing complaints against promoters and real estate agents with RERA authorities

Extension of the timeline for registration of real estate projects

Provision for changing the project plans without the consent of the promoters

None of the above

#50. What is the time period within which the Authority may accept/reject a real estate agent’s registration?

30 days

60 days

90 days

120 days

#51. What is TDS?

Transfer Development Status

Tax Deducted at Source

Tax Deducted on Salary

Testing Development Source

#52. What is a building permit required to take possession by people, subject to conditions such as obtaining NOCs from various departments and government authorities?

Completion Certificate

Building Permit

Occupancy Certificate

Final Inspection Report

#53. How can a buyer ensure that the project they are investing in is registered under MahaRERA?

Check the project details on the MahaRERA portal

Contact the builder directly

Contact the government

Check with a real estate agent

#54. When we land on MahaRERA portal what we see on Home Page?

Dashboard

Menu Tab

Details of Project

Both A & B

#55. Can developers change the layout or design of a project after it has been registered with MahaRERA?

If majority of allottees agreed

If 2/3rd of allottees agreed

Only minor changes are allowed

None of the above

#56. Stamp duty Maharashtra is payable to the state or central government?

Central government

State government

Both of them

None of the Above

#57. Interest rate is a rate that remains the same for the entire loan tenure is called?

Floating Interest Rate

Fixed interest rate

Temporary Interest Rate

Compound Interest Rate

#58. What is the name of the form to register a real estate agent?

Form G

Form H

Form I

Form J

#59. What is the purpose or objective of the RERA Act?

To Regulate Real Estate Sector

To promote Real Estate industry

To protect Consumers interest

All of these

#60. 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?

Yes

No

Both A & B

None of These

#61. What is the name of the form for renewal?

Form G

Form H

Form I

Form J

#62. What is included in the RERA Carpet area?

Net usable floor area

Internal partition walls

Both A & B

None of the Above

#63. Who established dispute Redressal mechanism?

State Government

Central Government

Court

RERA Authority

#64. How many days earlier should Real Estate Agent apply for renewal?

At least 10 days

At least 20 days

At least 30 days

At least 60 days

#65. Can the promoter ask for 15% of the property value for issuing the allotment letter?

Yes, the promoter can ask for 15%

No, the promoter can only ask for 10%

Yes, the promoter can ask for up to 25% maximum

No, the promoter can only ask for 12%

#66. Can a real estate agent facilitate the sale or purchase if they are not registered under RERA?

Yes

No

Both A and B

None of these

#67. Can the Authority directly reject a real estate agent’s registration?

Yes

No

Both A & B

None of the above

#68. What type of information can be found on the MahaRERA portal?

Information about real estate projects

Information about real estate agents

Information about cases in MahaRERA

All of the above

#69. Maharera has introduced capacity building and certification program for?

Real Estate Agents

Bank

Allottees

None of These

#70. What is the promoter’s responsibility in terms of providing Conveyance deed of a RERAregistered project?

To provide the title deeds within three months after receiving O.C.

To provide the title deeds only after full payment

Not to provide the title deeds

None of the Above

#71. Registration is valid from date of issuance of Registration Certificate to Date of Completion of Project

True

False

Both True or False

None of the above

#72. How often is the developer required to submit a report on the project’s progress to MahaRERA?

Weekly

Monthly

Quarterly

Annually

#73. Can a real estate agent market or advertise the sale or purchase of any apartment before registration?

Yes

No

Both A & B

None of the Above

#74. How doesthe standardization of carpet area definition benefit homebuyers?

It helps them make informed decisions

It allows for easy comparison between projects

It provides clarity on the usable area

All of the above

#75. What is the GST rate tax slab for affordable housing?

4% with input Tax Credit (ITC) and 2% without input Tax Credit (ITC)

8% with input Tax Credit (ITC) and 1% without input Tax Credit (ITC)

12% with input Tax Credit (ITC) and 5% without input Tax Credit (ITC)

16% with input Tax Credit (ITC) and 0% without input Tax Credit (ITC)

#76. Who is considered as an essential element in the real estate sector who connects allottees and promoters?

Real Estate Agents

Labour

Foreman

All of These

#77. Which were the problems in the real estate industry?

Information asymmetry

No Redressal forum

Huge delay in project completion

All of these

#78. Which of the following is a responsibility of an Allottee under RERA?

Paying the full amount for the apartment before possession is given

Providing incomplete information to Promoters

Ensuring timely payments of installments as per the payment schedule

None of the above

#79. Where can the promoter provide a list of all litigations (if any) against the project?

On the website of the local municipality

On the website of the local real estate board

On the MahaRERA website

On the website of the local housing authority

#80. Who is accountable for any violations of MahaRERA rules and regulations?

The developer

The contractor

The government of Maharashtra

The Maharashtra Real Estate Regulatory Authority

#81. Conveyance deed for common areas in favor of ________.

Allottee

Promoter

Association of allottee

None of these

#82. What is the penalty if an agent fails to register under RERA?

Rs. 10,000 for every day during the default, continuing up to 5% of the cost of the unit.

5% of cost of plot/flat

Rs. 10,000 for every day during the default

Any one from A, B, & C

#83. What happens if a builder does not comply with the MahaRERA regulations?

Fines

Suspension of the project

All of the above

None of the above

#84. What is the amount deducted on TDS on the purchase of property above 50 lakhs?

The buyer needs to deduct 0.5% on the sale

The buyer needs to deduct 1% on the sale

The buyer needs to deduct 1.5% on the sale

The buyer needs to deduct 2% on the sale

#85. What is the fees for registration of proprietor real estate agents?

₹ 1000

₹ 5000

₹ 10000

₹ 100000

#86. Is “title” a legal term?

Yes

No

It depends

Not applicable

#87. In which section definitions of RERA given?

Section 1

Section 2

Section 3

Section 4

#88. What is the responsibility of an Allottee related to the maintenance of the apartment after possession is given?

The Allottee is not responsible for the maintenance of the apartment after possession is given

The Allottee is responsible for the maintenance of the apartment until possession is given

The Allottee is responsible for the maintenance of the apartment after possession is given and has to pay maintenance charges to the Promoter

The responsibility of maintenance is shared equally between the Promoter and the Allottee

#89. Where should a real estate agent mention his unique registration number?

In his first transaction

In the first 10 transactions

In the first 15 transactions

In every transaction

#90. These details are present in which part of the document? Amount received, Payment stages, Date, Mode of payment”

Allotment of the said unit

Allotment of Parking Space(s)

Receipt of part consideration

Disclosures of information

#91. What does the term “title” mean?

Right to rent property

Right to own property

Right to lease property

Right to borrow property

#92. What services are not offered to allottees on MahaRERA portal?

Details of Project

Make a Complaint

Search project, agent, complaint

Make a correction in project

#93. When was MAHARERA Established?

01 May 2017

08 May 2016

14 August 2013

08 March 2017

#94. Who is responsible for enforcing the rules and regulations set by MahaRERA?

The Government of Maharashtra

The Real Estate Development Council

The Consumers Protection Council

The Maharashtra Real Estate Regulatory Authority

#95. What is the provision under RERA related to the deposit of project funds in a separate bank account?

Promoters are required to deposit 70% of the project funds in a separate bank account

Promoters are required to deposit 100% of the project funds in a separate bank account

Promoters are not required to deposit any project funds in a separate bank account

There is no such rule under RERA

#96. What happens if a project is not registered with MahaRERA?

It cannot be marketed or sold

It can only be marketed but not sold

It can be marketed and sold but with a penalty

It can be marketed and sold without any penalty

#97. How many days does the registration process take for a project in MahaRERA?

30 Days

60 Days

90 Days

120 Days

#98. In which section RERA (short title, extent and commencement) mentioned?

Section 1

Section 2

Section 3

Section 4

#99. The Maharashtra Stamp Act was passed in which year?

1958

1947

1890

2000

#100. Should a real estate agent provide all information and documents that the allottee is entitled to at the time of booking?

Yes

No

Both A & B

None of the Above

#101. Can a promoter appeal the revocation of registration of a project by RERA?

Yes

No

Both A & B

None of the Above

#102. What are the details prescribed in a model allotment letter?

Proposed apartment or plot

Parking space allotted (if any)

Amount of payment received by promoter

All of the above

#103. Who is a real estate agent?

Someone who works for a developer

Someone who purchase home for himself

Someone who receives remuneration for negotiating a sale of plot, apartment or building

None of the above

#104. Where can information on all the promises made by the promoter regarding common areas and facilities be found?

MahaRERA web portal

Local government office

Promoter's office

Real estate agent's office

#105. How can buyers access information about a particular real estate project on the MahaRERA portal?

By searching for the project by name

By searching for the project by location

By searching for the project by developer's name

All of the above

#106. What are the key features of RERA?

Establish symmetry in information

Protect Consumer interest

Set Transparency and Accountability

All of These

#107. Can buyers file a complaint on the MahaRERA portal?

Yes

No

Both A & B

None of the above

#108. When is the allotment letter provided by the promoter to the allottee?

When the property is already built and ready for possession

When the allottee is buying a resale property

When the allottee is buying an under-construction property

After possession is handed over to the allottee

#109. What is the website for MahaRERA authority?

Maharera.mahaonline.gov.in

Maharera.com

Mahadbt.gov.in

MahaRERA.maharastra.com

#110. What is the validity of renewals granted for registrations to a real estate agent?

1 Year

5 Year

10 Year

Lifetime

#111. What approval is required for the development of a real estate project to convert agricultural land to non-agricultural use?

Conversion and land-use permission

Layout approval

Intimation of disapproval

Commencement certificate

#112. RERA introduced by whom?

Dr. Manmohan Singh

Dr. Girija Vyas

Venkaiah Naidu

None of These

#113. What multiple documents are required for the development of a real estate project?

Description of the property

Allotment document for the plot

Intimation of disapproval

All of the above

#114. What is the validity of a real estate agent’s registration?

1 year

5 year

10 year

Lifetime

#115. What information is available on the MahaRERA portal?

Project details

Agent Details

Complaints and their status

All of the above

#116. What is the purpose of the MahaRERA portal?

To provide information about real estate projects in Maharashtra

To monitor the construction of real estate projects in Maharashtra

To regulate the sale of real estate projects in Maharashtra

All of the above

#117. Chairperson of the Real Estate Regulatory Authority appointed under which section?

Section 1

Section 21

Section 22

Section 23

#118. What are the responsibilities of RERA Authority?

Ensure disclosure of project by promoters

Registration of Project, Agent, promoter

Complain Redressal mechanism

All of these

#119. Who provides the allotment letter?

Allottee

Agent

Bank

Promoter

#120. Is it mandatory for all real estate projects (with more than 8 units) in Maharashtra to register with MahaRERA?

Yes, if land area also exceeds 500 square meters

No

Both A & B

None of the above

#121. Which bodies involve in Dispute Redressal Mechanism?

RERA Body

Appellate Tribunal

High Court

All of these

#122. In case of Project registration not completed, can Promoter advertise, market, book, sale offer for Sale of property?

Yes

No

Both A & B

None of These

#123. What is the provision under the RERA related to the timeline for registration of real estate projects?

There is no timeline for registration of real estate projects

The timeline for registration is determined by the local authorities

Promoters are required to register their projects if they want to start selling

Allottees are required to register for possession of the apartments within a specified timeframe

#124. What is a form need to fill TDS payment on property purchase?

Form no.3A, a form-cum-Challan

Form no.3B, a form-cum-Challan

Form no.26QA, a form-cum-Challan

Form no.26QB, a form-cum-challan

#125. Can developers launch a new project without registering it with MahaRERA if it has more than 8 units?

Yes, they can launch the project without registering if land area is less than or equal to 500 sq meter

No, it is mandatory for developers to register the project with MahaRERA before launching

Both A & B

None of the above

#126. Does a project that has not received a occupancy certificate at the time of commencement of the act need to be registered?

Yes

No

Both A and B

None of these

#127. Period for appeal in appellate Tribunal court is _________.

30 Days

60 Days

40 Days

7 Days

#128. Which of these are (course objectives and outcomes) in RERA Act for real estate agent?

Understanding of RERA law

Understanding MahaRERA and its function

Knowledge associated with real estate industry

All of These

#129. Which of the following is a provision under the Real Estate (Regulation and Development) Act (RERA) for promoters?

Disclosure of all information related to the project to the allottees

Provision for filing complaints against the allottees

All of the above

None of the above

#130. What is the role of a promoter in a company?

Providing funding for the company

Developing the business plan and securing funding for the company

Ensuring compliance with legal and regulatory requirements

All of the above

#131. Can a RERA-registered project be transferred to another promoter without the consent of buyers?

Yes

No

Both A & B

None of the Above

#132. Which project must be registered under RERA?

More than 8 Flats / plot & Land Area is more than 500 sq. m.

Area of plot is more than 500 sq.m. but units are less than 8

Both

None

#133. In case of any complaints, who is responsible for investigating and taking necessary action?

The developer

The homebuyer

The Maharashtra Real Estate Regulatory Authority

The government of Maharashtra

#134. Re-development projects which include sale and marketing Such Projects Come under RERA?

Yes

No

Both A & B

None of These

#135. Who is responsible to deduct the TDS rate on property purchase?

Developer

Agent

Buyer

None of the above

#136. Annual audit of project accounts is audited by ________.

Promoter

MahaRERA

Project Manager

Chartered Accountant

#137. What is the role of the Real Estate Appellate Tribunal (REAT) in MahaRERA?

To hear appeals against MahaRERA decisions

To hear complaints

Both a & b

None of the above

#138. Under what circumstances can RERA revoke the registration of a real estate project?

Violation of RERA regulations

Failure to complete the project within the specified time frame

Misrepresentation of facts

All of the above

#139. What are the types of real estate agents?

Individual

Non-Individual

All of the above

None of the above

#140. How often are project details required to be updated with RERA Authority?

Monthly

Quarterly

Half-yearly

Annually

#141. Is it mandatory for a promoter to deposit 70% of the funds collected from buyers in a separate bank account ?

Maybe

No

Yes

None of the Above

#142. What is the provision under RERA related to the liability of the promoter for structural defects in the apartments?

The promoter is not liable for any structural defects in the apartments

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

The liability of the promoter for structural defects is limited to 5 years after the possession of the apartments is given to the allottees

Allottees are liable for any structural defects in the apartments after possession is given

#143. How often does the MahaRERA portal update information about real estate projects?

Quarterly

Weekly

Monthly

Annually

#144. Is it necessary to enable the real estate agent to appear for online certification?

Yes

No

None of These

Both (A & B)

#145. Can the Authority revoke or suspend the registration of any real estate agent before giving the agent to be heard?

Yes

No

Both A & B

None of the Above

#146. Are homebuyers accountable for any violations of MahaRERA rules and regulations?

Yes

No

Both A & B

None of these

#147. How many chapter & Section in RERA Act 2016?

10 chapter 92 Section

11 chapter 92 Section

10 chapter 62 Section

9 Chapter 92 Section

#148. What is the promoter’s responsibility in terms of providing information to buyers in a RERA-registered project?

Providing all information about the project, including details of approvals, layout plans, and agreements

Providing only selective information about the project

Providing no information about the project

None of the above

#149. When was RERA Act enacted?

01 May 2016

01 May 2017

08 March 2017

14 August 2012

#150. Stamp Act 1958 is also known as?

Maharashtra Stamp Act 1958

Central Stamp Act 1958

Bombay Stamp Act 1958

Stamp Duty Act 1958

#151. What happens if a real estate project is not registered on the MahaRERA portal?

The project cannot be sold

The project cannot be constructed

The developer may face penalties

None of the above

#152. Maximum extension in case of delay in project completion in MahaRERA

6 months

1 Year

2 Year

No Limit

#153. Can every State RERA authority make its own rules?

Yes

No

Both A & B

None of These

#154. What is the main purpose of MAHARERA?

To regulate the real estate sector in Maharashtra

To promote tourism in Maharashtra

To regulate the construction industry in Maharashtra

To promote agriculture in Maharashtra

#155. Is there a difference between men and women when paying the stamp duty?

Men Buyers are provided Concession of 1%

Women buyers are provided a concession of 1%

No, Only in Special Cases

Men and women are equal

#156. What are the contents of the allotment letter?

Allotment of the said unit

Allotment of parking space(s)

Receipt of part consideration

All of the above

#157. What is the first crucial document during the purchase of an apartment?

Allotment letter

Agreement for sale

Payment receipt

Sanctioned plan