UGC NET COMMERCE June 2019 Q81
- Option : A
- Explanation : Step-1 : Higher of Municipal value and Fair Rent in this case it will be higher of 450,000 and 5,00,000, So it will be 5,00,000 (let us call it as A).
Step 2 : Lower of A and Standard Rent so it will be lower of 5,00,000 and 4,80,000, So will be 4,80,000. (let us call it B)
Step 3 : Higher of ‘B’ and Actual Rent, So it will be Higher of 4,80,000 and 4,20,000. So the GAV will be 4,80,000.
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