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MCQ
A preference share is one
- which carries preferential right with respect to payment of dividend at fixed rate
- which carries preferential right with respect to payment of capital on winding up
Options
Only (i) is correct
Only (ii) is correct
Both (i) and (ii) are correct
Both (i) and (ii) are incorrect
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Solution
Both (i) and (ii) are correct
Concept: Meaning and Types of Shares
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