Match List – I with List – II.
|
List - I |
List - II (Avg Period) |
|
(A) Amount withdrawn at the beginning of each month |
(I) 5.5 months |
|
(B) Amount withdrawn at the end of each quarter |
(II) 6 months |
|
(C) Amount withdrawn at the end of each month |
(III) 4.5 months |
|
(D) Amount withdrawn in the middle of the month |
(IV) 6.5 months |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(IV), (B)-(III), (C)-(I), (D)-(II)
The average period is the time for which interest on drawings is charged on the total amount withdrawn in the year.
(A) Amount withdrawn at the beginning of each month — this matches (IV) 6.5 months. Average period = (12 + 1) ÷ 2 = 6½ months.
(B) Amount withdrawn at the end of each quarter — this matches (III) 4.5 months. Average period = (9 + 0) ÷ 2 = 4½ months.
(C) Amount withdrawn at the end of each month — this matches (I) 5.5 months. Average period = (11 + 0) ÷ 2 = 5½ months.
(D) Amount withdrawn in the middle of the month — this matches (II) 6 months. Average period = (11.5 + 0.5) ÷ 2 = 6 months.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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