Question

Match List - I with List - II

List - I	List - II
(A) Application money should be at least ______% of the face value of the share	(I) 25%
(B) The amount of Call should not exceed ______% of the face value of the share	(II) 90%
(C) Minimum subscription of capital cannot be less than ______ of the issued amount according to SEBI guidelines	(III) 10%
(D) Interest charged on call-in-arrears is @ ______ p.a.	(IV) 5%

Choose the correct answer from the options given above:

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

Hint:

"If not aware about numbers related to SEBI, start with terms about which you have solid knowledge, then guess the rest."

Answer 1

The Correct Option is B

Understanding Share Issuance Rules:
\begin{itemize} \item Application money has to be a minimum of 10% of the face value of the share. \item The amount of Call should not exceed 25% of the face value of the share. \item Minimum subscription of capital cannot be less than 90% of the issued amount according to SEBI guidelines. \item Interest charged on call-in-arrears is at the rate of 5% p.a. \end{itemize} Therefore, the correct matching is (A)-(II), (B)-(III), (C)-(IV), (D)-(I).