Question:

Match List I with List II
Secured debenture — These are backed by a charge on the assets of the company. Matches with (III)
Choose the correct answer from the options given below:

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In matching type questions, it's helpful to recall definitions or key features of financial instruments like debentures — secured means asset-backed, convertible means it turns into shares, and registered means recorded with the issuer.
Updated On: May 18, 2025
  • A-I, B-II, C-III, D-IV
  • A-IV, B-I, C-II, D-III
  • A-III, B-IV, C-II, D-I
  • A-II, B-I, C-III, D-IV
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The Correct Option is C

Solution and Explanation

We match each term from List I with its correct meaning from List II: \begin{itemize} \item (A) Secured debenture — These are backed by a charge on the assets of the company. \quad ⇒ Matches with (III) \item (B) Registered debenture — These are debentures recorded in the company’s register in the name of the holder. \quad ⇒ Matches with (IV) \item (C) Convertible debenture — These can be converted into equity shares at a later date. \quad ⇒ Matches with (II) \item (D) Unsecured debenture — These are not backed by assets and may not carry a fixed interest rate. \quad ⇒ Matches with (I) \end{itemize} So the correct matching is: A–III, B–IV, C–II, D–I
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