Compensation for 31A acquisition requires:

This video provides a concise explanation of how to answer Multiple Choice Questions (MCQs) related to compensation in the context of a Section 31A acquisition. We break down the key concepts surrounding 31A acquisitions and the various compensation methods that may be involved. The video uses a clear and simple approach, focusing on the core elements needed to correctly answer such MCQs.

We explore different scenarios, including the valuation of assets, liabilities, and the impact of various legal and regulatory factors on the compensation calculation. We highlight common pitfalls and misconceptions that students often encounter when tackling these types of questions, providing practical tips and strategies to improve accuracy.

The video uses real-world examples to illustrate the principles involved, showing how to apply the theory to specific scenarios. We systematically analyze several sample MCQ questions, demonstrating step-by-step how to approach and solve them efficiently and correctly.

Whether you're preparing for an exam, professional certification, or simply looking to improve your understanding of 31A acquisitions and related compensation, this video is a valuable resource. We'll equip you with the confidence and knowledge to tackle these challenging MCQs with ease. Watch now to boost your understanding and improve your performance!
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Market value

Explanation:

The acquisition of property under Section 31A of the relevant legislation (likely land acquisition laws) mandates compensation to the owner. The standard for determining this compensation is market value, which is the price a willing buyer would pay a willing seller in an open market transaction. This ensures the owner is fairly compensated for the loss of their property.

Why the other options are less suitable:

Adequate amount: This is vague and doesn't provide a specific and legally recognized standard for determining compensation.
No compensation: Section 31A implies compensation, thus ruling this out. Taking private property without compensation is generally unconstitutional or illegal.
Government discretion: While the government is the acquiring entity, setting compensation solely at its discretion could lead to unfair and arbitrary outcomes, undermining the legal and constitutional protections of property owners.

Видео Compensation for 31A acquisition requires: канала MPSC Notes (Manipur)