Explanation:

- The term ‘time requisite’ in Section 12(2) of the Limitation Act, 1963, is interpreted in legal contexts to mean the period necessary or needed for a certain task or process.

- Option 1: Maximum time

This would mean the longest amount of time allowable, which is not the intended interpretation of 'time requisite'.

- Option 2: Actual time taken

This suggests the specific duration used for a task, aligning closely with the legal context for 'time requisite'.

- Option 3: Minimum time taken

Refers to the shortest duration possible, which again does not fit the usual understanding of 'time requisite'.

- Option 4: None of the above

Indicates that none of the provided options accurately reflect the term's meaning.

- Correct Answer: Option 2: Actual time taken