Match List-I with List-II. List-I List-II (A) Equity Share (I) Fixed…

Match List-I with List-II.

List-I	List-II
(A) Equity Share	(I) Fixed Dividend
(B) Preference Share	(II) No hold over Assets
(C) Secured Loan	(III) Hold over Assets
(D) Unsecured Loan	(IV) Voting Right

Choose the correct answer from the options given below :

Answer & explanation

Correct answer: option 3

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

(A) Equity Share — this matches (IV) Voting Right. Equity shareholders are the owners of the company and elect its management by voting.

(B) Preference Share — this matches (I) Fixed Dividend. A preference share carries a preferential right to dividend at a fixed amount or fixed rate.

(C) Secured Loan — this matches (III) Hold over Assets. A charge is created on the company’s assets, so the lender can recover from them on default.

(D) Unsecured Loan — this matches (II) No hold over Assets. No specific charge is created on any asset for such a loan.

NCERT (2026-27 edition):
Voting Rights – “… Shareholders enjoy voting rights whereas debentureholders do not normally enjoy any voting right.”

NCERT (2026-27 edition):
Preference Shares – “According to Section 43 of The Companies Act, 2013, a preference share is one, which fulfils the following conditions : (a) That it carries a preferential right to dividend to be paid either as a fixed amount payable to preference shareholders or an amount calculated by a fixed rate of the nominal value of each share before any dividend is paid to the equity shareholders.”

NCERT (2026-27 edition):
Secured Debentures – “… Secured debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.”

NCERT (2026-27 edition):
Unsecured Debentures – “… 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.”