Match List-I with List-II. LIST I LIST II (A) Calls in Arrears (I) Th…

Match List-I with List-II.

LIST I	LIST II
(A) Calls in Arrears	(I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.
(B) Calls in Advance	(II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
(C) Over Subscription	(III) The amount due that shareholders fail to pay on allotment or on any of the calls.
(D) Under Subscription	(IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

All four terms describe what happens to the money asked for on shares: money not paid, money paid early, too many applications and too few applications.

(A) Calls in Arrears — this matches (III) The amount due that shareholders fail to pay on allotment or on any of the calls. It is the amount called but not received.

(B) Calls in Advance — this matches (IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made. It is money received before it is called, and it is a liability of the company until the call is made.

(C) Over Subscription — this matches (I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.

(D) Under Subscription — this matches (II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.

NCERT (2026-27 edition):
Calls in Arrears – “… When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as ‘Calls in Arrears’/‘Unpaid Calls’.”

NCERT (2026-27 edition):
Calls in Advance – “Sometimes shareholders pay a part or the whole of the amount of the calls not yet made. The amount so received from the shareholders is known as “Calls in Advance”.”

NCERT (2026-27 edition):
Over Subscription – “There are instances when applications for more shares of a company are received than the number offered to the public for subscription. This usually happens in respect of shares issue of well-managed and financially strong companies and is said to be a case of ‘Over Subscription’.”

NCERT (2026-27 edition):
Under Subscription – “Under subscription is a situation where number of shares applied for is less than the number for which applications have been invited for subscription.”