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1
Under Section 81(1) of the M.P. Land Revenue Code, 1959, the fair assessment of all lands shall be calculated in accordance with which of the following?
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AThe absolute discretion of the Settlement Officer
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BThe market value determined under the Stamp Act
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CThe principles and restrictions set forth in Section 81
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DThe directives issued by the High Court
2
According to Section 81(2) of the M.P. Land Revenue Code, 1959, while fixing the fair assessment of land, what regard shall be had to any claim to hold land on privileged terms?
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AFull regard shall be given to historical grants
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BNo regard shall be had to any such claim
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CRegard shall be had only if approved by the Collector
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DRegard shall be had if the holding is over 50 years old
3
In calculating the fair assessment of agricultural land under Section 81(3) of the Code, which of the following factors MUST be taken into account?
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AProfits of agriculture, consideration paid for leases, sale prices of land, and principal moneys on mortgages
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BOnly the net profit declared in income tax returns
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CThe proximity of the land to national highways only
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DThe caste and social standing of the bhumiswami
4
Under Section 81(3) of the M.P. Land Revenue Code, 1959, what parameter is specifically considered in the case of non-agricultural land for fixing fair assessment?
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AThe annual yield of crops grown nearby
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BThe value of the land for the purpose for which it is held
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CThe total revenue collected from surrounding agricultural holdings
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DThe cost of construction of adjoining roads
5
What is the statutory ceiling imposed by Section 81(4) of the MPLRC, 1959, on the fair assessment of land used for non-agricultural purposes?
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AIt shall not exceed 10% of the market value
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BIt shall not exceed 50% of the net profit
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CIt shall not exceed thirty-three per centum of the estimated rental value of the land
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DIt shall not exceed twenty-five per centum of the agricultural assessment
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