Subscription Questions

Comprehension:Read the following passage carefully and answer the questions that follow.$X$ Ltd. issued $30,000$ shares to the public having a Face Value of ₹ $100$ at a $10\%$ premium. The money is receivable as follows:Application = ₹ $40$ (including premium)Allotment = ₹ $45$ First and Final call = Remaining amountThe public applied for $50,000$ shares. The company rejected applications for $10,000$ shares and made a pro-rata allotment to the remaining applicants. A shareholder who had applied for $400$ shares failed to pay the allotment and call money, and his shares were subsequently forfeited by the company. Later, these forfeited shares were reissued at ₹ $80$ each as fully paid.What type of share subscription took place in this scenario?

Match List-I with List-II:List-IList-II(A) Calls in Arrears(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.(B) Calls in Advance(II) When any shareholder fails to pay the amount due on allotment or on any of the calls(C) Over Subscription(III) When number of shares applied for is less than the number for which applications have been invited for subscription(D) Under Subscription(IV) When applications for more shares of a company are received than the number offered to the public for subscriptionChoose the correct answer from the options given below: