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AIBE question and official answer

AIBE XVIII 2023 Set A Question 96

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Question 96 of 100 AIBE XVIII 2023 Set A

In the light of Negotiable Instruments Act, 1881, at what rate interest will be charged if the rate of interest is not mentioned on the negotiable instruments?

  1. A 6% per annum
  2. B 10% per annum
  3. C 18% per annum Official answer
  4. D 20% per annum

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