General Studies · Winding Up Priority of Payments
Match LIST-I with LIST-II: LIST-I (Concept / Entity) A. Reserve Capital B. Secured Creditors C. Preferential Creditors D. Equity Shareholders LIST-II (Role in Winding Up) I. Paid directly or given priority from the proceeds of secured assets II. Paid last as residual claimants in the statutory order of liquidation payment III. Capital called up exclusively in the event of winding up to satisfy claims IV. Have priority claims for government taxes/dues and statutory employee wages Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-IV, C-I, D-III
- 2A-III, B-I, C-IV, D-II✓
- 3A-III, B-IV, C-II, D-I
- 4A-IV, B-III, C-II, D-I
Correct answer
A-III, B-I, C-IV, D-II
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