General Studies · Classification of Capital and Reserves
Match LIST-I with LIST-II: LIST-I (Classification of Capital) A. Securities Premium B. Reserve Capital C. Preference Share Capital D. Share Application Money LIST-II (Statutory Description) I. Funds collected from applicants pending the formal allotment of shares, maintained in a separate account II. A uncalled capital portion set aside to be called up only in the event of winding up of the company III. A specialized reserve created from the excess amount received over the face value of shares, utilized for restricted purposes IV. A class of ownership interest that carries priority rights to receive a fixed dividend before equity shareholders Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-III, B-II, C-IV, D-I✓
- 2A-IV, B-II, C-III, D-I
- 3A-II, B-IV, C-I, D-III
- 4A-I, B-III, C-II, D-IV
Correct answer
A-III, B-II, C-IV, D-I
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