Match List-I with List-IIList-I (Debenture Type)List-II (Meaning)(A) Redeemable Debenture(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.(B) Perpetual Debenture(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures.(C) Specific Coupon Rate Debenture(III) Issued with a specified rate of interest, which is called the coupon rate.(D) Bearer Debenture(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture.Choose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Matching descriptions based on core characteristics of debentures:Redeemable Debenture: Re-payable upon a designated timeframe or installments (I)Perpetual Debenture: No maturity undertaking during active company survival (II)Specific Coupon Rate Debenture: Carries a explicitly declared rate of interest (III)Bearer Debenture: Transferred directly via physical delivery with no registration details maintained (IV)The matching reads: (A) - (I), (B) - (II), (C) - (III), (D) - (IV).