Where the Bumiswami effects a mortgage the total amount of interest U/165 (3) of land Revenue Cost shall not exceed-
Verified Answer
A. Equal to principal amount
B. One-fourth of the principal amount
C. Half of the principal amount
D. One-third of the principal amount
Explanation:
Section 165(3) of the MP Land Revenue Code, 1959, states that the total amount of interest on any mortgage shall not exceed the principal amount.