The correct answer is option 1- (A)-(II), (B)-(III), (C)-(I), (D)-(IV).
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List-I
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List-II
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(A) Redeemable Debentures
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(II) Which are payable on the expiry of the specific period either
in lump sum or in installments during the life time of the company.
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(B) Convertible Debentures
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(III) Which are convertible into equity shares or in any other
security either at the option of the company or the debenture holder
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(C) Irredeemable Debentures
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(I) The company does not give any undertaking for the
repayment of money borrowed by issuing such debentures
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(D) Unsecured Debentures
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(IV) These debentures do not have a specific charge
on the assets of the company.
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(A) Redeemable Debentures- (II) Which are payable on the expiry of the specific period either in lump sum or in installments during the life time of the company.
Redeemable debentures are those which are payable on the expiry of the specific period either in lump sum or in instalments during the life time of the company. Debentures can be redeemed either at par or at premium.
(B) Convertible Debentures- (III) Which are convertible into equity shares or in any other security either at the option of the company or the debenture holder.
Convertible debentures can be converted into equity shares or other securities, either at the discretion of the company or the debenture holders. These debentures can be fully or partially convertible.
(C) Irredeemable Debentures-(I) The company does not give any undertaking for the repayment of money borrowed by issuing such debentures.
Irredeemable debentures are also known as Perpetual Debentures because the company does not give any undertaking for the repayment of money borrowed by issuing such debentures. These debentures are repayable on the winding-up of a company or on the expiry of a long period.
(D) Unsecured Debentures-(IV) These do not have a specific charge on the assets of the company.
Unsecured debentures do not have a specific charge on the assets of the company. However, a floating charge may be created on these debentures by default. Normally, these kinds of debentures are not issued. Unsecured debentures are also known as naked debentures. | 
