______________ instruments are secured by on the fixed assets of the issuer company.

(a)

Secured debentures

(b)

Unsecured debenture

(c)

Redeemable debentures

(d)

Perpetual debentures

A copy of the __________ must accompany each from of application for shares offered to the public.

(a)

Memorandum of Association

(b)

Prospectus

(c)

Articles of association

(d)

None of the above

Par value of shares means the ___________ value of the shares.

(a)

Actual

(b)

face

(c)

market

(d)

dividend

__________ share capital has priority both in repayment of dividend as well as capital.

(a)

Equity

(b)

Nonpreference

(c)

Preference

(d)

All of the above

For example, par value is Rs.10 and it is issued at Rs.15 then Rs.5 is the ____________ amount.

(a)

profit

(b)

dividend

(c)

market value

(d)

premium