Match the LIST-I with LIST-II
| LIST-I | LIST-II | ||
|---|---|---|---|
| A. | Irredeemable Debentures | I. | can be transferred by way of delivery. |
| B. | Zero Coupon Rate Debentures | II. | also known as Perpetual Debentures. |
| C. | Bearer Debentures | III. | debentures which can be transferred only by executing a regular transfer deed. |
| D. | Registered Debentures | IV. | do not carry a specific rate of interest. |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A-II, B-IV, C-I, D-III
Each type of debenture in List-I is known by one feature, and List-II names the features.
(A) Irredeemable Debentures — this matches (II) also known as Perpetual Debentures. The company gives no undertaking to repay the money; such debentures are repayable only on winding-up or after a very long period.
(B) Zero Coupon Rate Debentures — this matches (IV) do not carry a specific rate of interest. They are issued at a substantial discount, and the gap between the issue price and the nominal value is the investor’s interest.
(C) Bearer Debentures — this matches (I) can be transferred by way of delivery. The company keeps no record of the holder, so handing over the debenture transfers it; interest goes to whoever produces the coupon.
(D) Registered Debentures — this matches (III) debentures which can be transferred only by executing a regular transfer deed. The holder’s name and details are entered in the company’s register, so a transfer has to be recorded through a deed.
NCERT (2026-27 edition):
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