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Question
Match the following:
| Column I | Column II | ||
| A. | Debentures secured by either a fixed charge or floating charge | I. | Bearer Debentures |
| B. | Debentures not repayable during the existence of the company | II. | Unsecured or Naked Debentures |
| C. | Debentures transferable by delivery | III. | Mortgage Debentures |
| D. | Debentures not secured by any charge on asset | IV. | Perpetual Debentures |
Codes:
Options
A - III, B - IV, C - I, D - II
A - II, B - III, C - I, D - IV
A - IV, B - II, C - I, D - III
A - III, B - I, C - IV, D - II
MCQ
Match the Columns
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Solution
A - III, B - IV, C - I, D - II
Explanation:
| Column I | Column II | ||
| A. | Debentures secured by either a fixed charge or floating charge | III. | Mortgage Debentures |
| B. | Debentures not repayable during the existence of the company | IV. | Perpetual Debentures |
| C. | Debentures transferable by delivery | I. | Bearer Debentures |
| D. | Debentures not secured by any charge on asset | II. | Unsecured or Naked Debentures |
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