Match List-I with List-II List-I List-II (A) Unsecured Debentures (I)…

Match List-I with List-II

List-I	List-II
(A) Unsecured Debentures	(I) These debentures are issued with a specified rate of interest.
(B) Redeemable Debentures	(II) These debentures do not have a specific charge on the assets of the company.
(C) Specific Coupon Rate Debentures	(III) These 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.
(D) Bearer Debentures	(IV) The debentures which can be transferred by way of delivery and the company does not keep any record of the debentures.

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)

Debentures are classified from several points of view, and each name says which one: security, tenure, coupon rate or registration.

(A) Unsecured Debentures — this matches (II) These debentures do not have a specific charge on the assets of the company. “Unsecured” refers to security: no asset is pledged for them.

(B) Redeemable Debentures — this matches (III) payable on the expiry of the specific period either in lump sum or in instalments. “Redeemable” refers to tenure: they are repaid during the life of the company.

(C) Specific Coupon Rate Debentures — this matches (I) These debentures are issued with a specified rate of interest. The coupon rate is the rate of interest, fixed or floating.

(D) Bearer Debentures — this matches (IV) transferred by way of delivery and the company does not keep any record of the debentures. Whoever holds them gets the interest.

NCERT (2026-27 edition):
From the Point of view of Security – “… Unsecured Debentures: Unsecured debentures do not have a specific charge on the assets of the company.”

NCERT (2026-27 edition):
From the Point of view of Tenure – “Redeemable Debentures: 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.”

NCERT (2026-27 edition):
From Coupon Rate Point of view – “Specific Coupon Rate Debentures: These debentures are issued with a specified rate of interest, which is called the coupon rate.”

NCERT (2026-27 edition):
From the view Point of Registration – “… Bearer Debentures: Bearer debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures Interest on debentures is paid to a person who produces the interest coupon attached to such debentures.”