MCQ
Select the most appropriate answer from the alternatives given below and rewrite the sentence :
As per Table A, the amount on call on a share must not exceed ____________ percent.
Options
5
10
20
25
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Solution
As per Table A, the amount on call on a share must not exceed 25 per cent.
Explanation: A company cannot call more than 25% of the nominal value of shares in one call.
Concept: Calls in Advance and Arrears
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