Match List-I with List-II:List-IList-II(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.(I) Bearer Debentures(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.(II) Zero Coupon Rate Debentures(C) These debentures do not carry a specific rate of interest.(III) Redeemable Debentures(D) These debentures can be transferred by way of delivery and the company does not keep any record.(IV) Secured DebenturesChoose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Matching definitions of types of debentures:(A) Charge created on assets: Secured Debentures (IV)(B) Payable on expiry of specific period: Redeemable Debentures (III)(C) Do not carry specific interest rate: Zero Coupon Rate Debentures (II)(D) Transferred via delivery without registry records: Bearer Debentures (I)Thus, the perfect combination is (A) - (IV), (B) - (III), (C) - (II), (D) - (I).