Question

Match List-I with List-II.

List-I	List-II
(A) Nominal Capital	(I) Offered to the public
(B) Reserve Capital	(II) Called up capital minus calls in arrears
(C) Paid up Capital	(III) Memorandum of Association
(D) Issued Capital	(IV) Called only at the time of winding up

• A. (A)-(I), (B) - (IV), (C) - (III), (D) - (II)
• B. (A)-(I), (B) - (III), (C) - (II), (D) - (IV)
• C. (A)-(III), (B) - (II), (C) - (IV), (D) - (I)
• D. (A)-(III), (B) - (IV), (C) - (I), (D) - (II)

Answer 1

The Correct Option is D

Nominal Capital is matched with Memorandum of Association (A)-(III), as it is the maximum amount of capital that the company is authorized to raise. - Reserve Capital is matched with Called only at the time of winding up (B)-(IV), since it refers to a portion of the uncalled capital that can only be called up during winding up. - Paid up Capital is matched with Offered to the public (C)-(I), as it refers to the amount of capital actually received from shareholders. Issued Capital is matched with Called up capital minus calls in arrears (D)-(II), representing the amount of issued capital less any unpaid amounts.