CUET-UG SERIES Accountancy
Interest
2 previous year questions.
Volume: 2 Ques
Yield: Medium
High-Yield Trend
1
2025 1
2023 Chapter Questions 2 MCQs
01
PYQ 2023
medium
accountancy ID: cuet-ug-
Select the conditions required for computing interest on drawings using average period method:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
1
A, D and E only
2
A, C and B only
3
A, C and D only
4
A, B and E only
02
PYQ 2025
medium
accountancy ID: cuet-ug-
During the financial year 2021-22, Surjeet withdrew \rupee30,000 quarterly at the beginning of every quarter. If interest to be charged is 8\% p.a., calculate the amount of interest on drawings:
1
\rupee3,600
2
\rupee4,800
3
\rupee2,400
4
\rupee6,000
About Interest - CUET-UG
Interest is a vital chapter for CUET-UG aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.
By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.
Frequently Asked Questions
Why focus on Interest PYQs?
Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.
How to best use this analysis?
Review the topic breakdown to see which sub-topics within Interest carry the most weight. Then, tackle the questions iteratively to solidify your understanding.