New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to Indian Partnership Act, 1932 partner

    making, for the purposes of the business, any payment or advance beyond the amount of capital he has agreed to subscribe, is entitled to interest thereon at the rate of …... percent per annum;
    A 6 Correct Answer Incorrect Answer
    B 7 Correct Answer Incorrect Answer
    C 8 Correct Answer Incorrect Answer
    D 5 Correct Answer Incorrect Answer
    E 9 Correct Answer Incorrect Answer

    Solution

    Section 1 3(d) of Indian Partnership Act, 1932  partner making, for the purposes of the business, any payment or advance beyond the amount of capital he has agreed to subscribe, is entitled to interest thereon at the rate of six per cent. per annum  

    Practice Next

    Relevant for Exams: