Match List-I with List-II.
| List-1 (Interest on Drawings) |
List-II Time (Month) |
| (A) When the amount is withdrawn at the beginning of each month | (I) 6 months |
| (B) When the amount is withdrawn at the end of each month | (II) 6.5 months |
| (C) When the amount is withdrawn at the middle of each month | (III) 5.5 months |
| (D) When the amount is withdrawn at the end of each quarter | (IV) 4.5 months |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
When a fixed amount is drawn at regular intervals, interest on drawings is charged on the total for the average period the money stays out: (months for the first drawing + months for the last drawing) / 2.
(A) When the amount is withdrawn at the beginning of each month — this matches (II) 6.5 months.
(12 + 1) / 2 = 6.5 months.
(B) When the amount is withdrawn at the end of each month — this matches (III) 5.5 months.
(11 + 0) / 2 = 5.5 months.
(C) When the amount is withdrawn at the middle of each month — this matches (I) 6 months.
(11.5 + 0.5) / 2 = 6 months.
(D) When the amount is withdrawn at the end of each quarter — this matches (IV) 4.5 months.
(9 + 0) / 2 = 4.5 months.
NCERT (2026-27 edition):
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