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

Match List-I with List-II

List-I	List-II
(A) Redeemable Debentures	(I) the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures
(B) Convertible Debentures	(II) these debentures are issued with a specified rate of interest
(C) Specific Coupon Rate Debentures	(III) which are convertible into equity shares or in any other security either at the option of the company or the debenture holders
(D) Bearer Debentures	(IV) which are payable on the expiry of the specific period either in lump sum or in Instalments during the life time of the company.

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(II), (D)-(I)

Debentures are classified by tenure, convertibility, coupon rate and registration; each List-I type takes its name from one of these.

(A) Redeemable Debentures — this matches (IV) which are payable on the expiry of the specific period either in lump sum or in Instalments during the life time of the company. They are repaid within the life of the company.

(B) Convertible Debentures — this matches (III) which are convertible into equity shares or in any other security either at the option of the company or the debenture holders. They can be turned into shares or other securities.

(C) Specific Coupon Rate Debentures — this matches (II) these debentures are issued with a specified rate of interest. The specified rate is the coupon rate.

(D) Bearer Debentures — this matches (I) the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures. They pass by mere delivery, with no register of holders.

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 the Point of view of Convertibility – “Convertible Debentures: Debentures which are convertible into equity shares or in any other security either at the option of the company or the debentureholders are called convertible debentures.”

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.”