Match List-I with List-II
|
List-l Type of Debenture |
List-II Meaning |
|
(A) Redeemable Debenture |
(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company. |
|
(B) Perpetual Debenture |
(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures. |
|
(C) Specific Coupon Rate Debenture |
(III) Issued with a specified rate of interest, which is called the coupon rate. |
|
(D) Bearer Debenture |
(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture. |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(I), (B)-(II), (C)-(III), (D)-(IV)
|
List-l Type of Debenture |
List-II Meaning |
|
(A) Redeemable Debenture |
(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company. |
|
(B) Perpetual Debenture |
(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures. |
|
(C) Specific Coupon Rate Debenture |
(III) Issued with a specified rate of interest, which is called the coupon rate. |
|
(D) Bearer Debenture |
(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture. |