Question
According to the MSMED Act, 2006, if a buyer fails to
make payment to an MSME supplier within the stipulated period, what rate of interest is applicable on the delayed payment?Solution
The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 has strict provisions to ensure timely payments to MSMEs: • Payments must be made within the agreed period (or within 45 days, if not specified). • In case of delay, the buyer is liable to pay compound interest with monthly rests at a rate of three times the Bank Rate notified by the Reserve Bank of India (RBI). • This measure ensures financial discipline and protects MSMEs from liquidity stress caused by delayed payments.  Correct Answer: Three times the RBI Bank Rate (Option 2)
6 : 222:: 7 : ?
Select the option that is related to the fifth letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster and th...
If all the letters in the word ‘CANTONMENT’ are arranged in alphabetical order from left to right such that the vowels are arranged first followed b...
If, 35*41 = 13 and 47*35 = 10, then what should 29*59 =?
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(72, 12, 36)
(40, 8, 25)
...
Which set of letters when sequentially placed at the gaps of the given letter series shall complete it?
C L _ I M C _ A I M C L _ _ M CL _ I M
Select the option in which the numbers are not related in the same way as are the number of the following set.
(34, 40, 52)
Select the option that is related to the fifth number in the same way as the second number is related to first number and the third number is related to...
Select the option that is related to the third number in the same way as the second number is related to the first number.
55 : 86 :: 37 : ?
Select the option that is related to the sixth number in the same way as the first number is related to the second number and third number is related t...
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