Ravi, one of the partners, provided ₹1,00,000 loan to the firm. In the absence of partnership deed, interest on partner's loan is allowed @........?

6% p.a.

The correct answer is option 2- 6% p.a.

In the absence of partnership deed, interest on partner's loan is allowed @ 6% p.a. to Ravi.

If a partner has provided a loan to the partnership for business purposes, they are entitled to receive interest on the loan amount at a rate of 6 percent per annum in the absence of any agreement.