Read the following passage and answer the question.

A company issued 4,000 equity shares of ₹10 each at par payable as under :
On application ₹3; on allotment ₹2; on first call 4 and on final call ₹1 per share.
Applications were received for 13,000 shares. Applications for 3,000 shares were rejected and pro-rata was made on the remaining shares.

What is the pro-rata ratio of allotment?

5:2

The correct answer is option 4- 5:2.

Applications for 13,000 shares received. Out of it 3,000 applicants have been rejected means pro-rata made on 10,000 shares to whom 4,000 should be allotted.
The Pro-rata ratio = 10,000: 4,000
                             = 10: 4
                             = 5:2