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Question

Where any amount is payable whether in instalments or otherwise under section 13 of the General Insurance Business (Nationalisation) Act, the unpaid amount, where its payment has become due shall carry interest at the rate of ____________ from the appointed day

A Two per cent per annum

B Three per cent per annum

C Four per cent per annum

D Five per cent per annum

E Thirteen per cent per annum

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