Under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, the interest rate on…
Under s.14, when granting maintenance the Tribunal may direct simple interest at a rate it determines, which shall not be less than five per cent and not more than eighteen…
Choose your answer
Under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, the interest rate on maintenance shall be:
Answer and explanation
Correct answer B
Under s.14, when granting maintenance the Tribunal may direct simple interest at a rate it determines, which shall not be less than five per cent and not more than eighteen per cent, not any other range or an unlimited rate.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CUET PG Law (LL.M.)
Subject revision