{"id":51946,"date":"2024-04-15T23:32:07","date_gmt":"2024-04-15T23:32:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=51946"},"modified":"2024-04-15T23:32:07","modified_gmt":"2024-04-15T23:32:07","slug":"in-the-absence-of-an-agreement-interest-to-be-allowed-to-the-partners-on-their-capital-according-to-indian-partnership-act-will-be-at-the-rate-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-the-absence-of-an-agreement-interest-to-be-allowed-to-the-partners-on-their-capital-according-to-indian-partnership-act-will-be-at-the-rate-of\/","title":{"rendered":"In the absence of an agreement, interest to be allowed to the partners on their capital, according to Indian Partnership Act, will be at the rate of:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;5%&#8221; option2=&#8221;6%&#8221; option3=&#8221;9%&#8221; option4=&#8221;0%&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. 5%.<\/p>\n<p>According to the Indian Partnership Act, 1932, Section 18, in the absence of an agreement, interest to be allowed to the partners on their capital will be at the rate of 5% per annum.<\/p>\n<p>Option B is incorrect because the rate of interest is not 6%.<\/p>\n<p>Option C is incorrect because the rate of interest is not 9%.<\/p>\n<p>Option D is incorrect because the rate of interest is not 0%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;5%&#8221; option2=&#8221;6%&#8221; option3=&#8221;9%&#8221; option4=&#8221;0%&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-51946","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In the absence of an agreement, interest to be allowed to the partners on their capital, according to Indian Partnership Act, will be at the rate of:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/in-the-absence-of-an-agreement-interest-to-be-allowed-to-the-partners-on-their-capital-according-to-indian-partnership-act-will-be-at-the-rate-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the absence of an agreement, interest to be allowed to the partners on their capital, according to Indian Partnership Act, will be at the rate of:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;5%&#8221; 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