Question : What is the interest rate on calls in advance?
Option 1: 5% P.A
Option 2: 6% P.A
Option 3: 10% P.A
Option 4: 12% P.A

Question

Question : Money was lent on simple interest. After 12 years, its simple interest becomes $\frac{3}{5}$ of the money. Find the rate of interest.
Option 1: 4% p.a.
Option 2: 2% p.a.
Option 3: 5% p.a.
Option 4: 3% p.a.

64 Views

Answer 1

Correct Answer: 12% P.A

Solution : According to Table F of the Companies Act, 2013, the rate of Interest on Calls in Advance is 12% P.A.

Hence the correct answer is option 4.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Law Preparation

MBA Preparation

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Resources

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : What is the interest rate on calls in advance?Option 1: 5% P.AOption 2: 6% P.AOption 3: 10% P.AOption 4: 12% P.A

Related Questions

Question : Money was lent on simple interest. After 12 years, its simple interest becomes $\frac{3}{5}$ of the money. Find the rate of interest.Option 1: 4% p.a.Option 2: 2% p.a.Option 3: 5% p.a.Option 4: 3% p.a.

Question : Interest on calls in arrears is charged according to Table F at-Option 1: 10%Option 2: 12%Option 3: 5%Option 4: 6%

Question : In the absence of a partnership deed, Interest on capitalOption 1: is allowed @ 6% p.a.Option 2: is allowed @ 10% p.a.Option 3: is allowed at the borrowing rate.Option 4: is not allowed

Question : In the absence of a partnership deed, Interest on capitalOption 1: is allowed @ 6% p.a.Option 2: is allowed @ 10% p.a.Option 3: is allowed at the borrowing rate.Option 4: is not allowed

Question : In the absence of a partnership deed, Interest on a loan of a partner is allowed.Option 1: @ 6% p.a.Option 2: @12% p.a.Option 3: No interest is allowedOption 4: @ 8% p.a.

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : What is the interest rate on calls in advance?
Option 1: 5% P.A
Option 2: 6% P.A
Option 3: 10% P.A
Option 4: 12% P.A

Question : Money was lent on simple interest. After 12 years, its simple interest becomes $\frac{3}{5}$ of the money. Find the rate of interest.
Option 1: 4% p.a.
Option 2: 2% p.a.
Option 3: 5% p.a.
Option 4: 3% p.a.

Question : Interest on calls in arrears is charged according to Table F at-
Option 1: 10%
Option 2: 12%
Option 3: 5%
Option 4: 6%

Question : In the absence of a partnership deed, Interest on capital
Option 1: is allowed @ 6% p.a.
Option 2: is allowed @ 10% p.a.
Option 3: is allowed at the borrowing rate.
Option 4: is not allowed

Question : In the absence of a partnership deed, Interest on capital
Option 1: is allowed @ 6% p.a.
Option 2: is allowed @ 10% p.a.
Option 3: is allowed at the borrowing rate.
Option 4: is not allowed

Question : In the absence of a partnership deed, Interest on a loan of a partner is allowed.
Option 1: @ 6% p.a.
Option 2: @12% p.a.
Option 3: No interest is allowed
Option 4: @ 8% p.a.