Question : Preference shares, in case the holders of these have the right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called _______.

Option 1: Cumulative preference share

Option 2: Non Cumulative preference shares 

Option 3: Convertible preference shares

Option 4: Non-convertible preference shares

Question : Preference shares are referred to as such if the holder has the opportunity, within the terms of the issuance, to convert their prefrence shares into equity shares are called-

Option 1: Cumulative Preference share

Option 2: Convertible Preference share

Option 3: Non Convertible Preference share

Option 4: Non Cumulative Preference share

Question : The share on which there is no pre-fixed rate of dividend is decided, but the rate of dividend fluctuates every year according to the availability of profits such shares are called ________.

Option 1: Equity shares

Option 2: Non – cumulative preference shares 

Option 3: Non – convertible preference shares

Option 4: Non – Guaranteed preference shares

Question : The share on which there is no pre-fixed rate of dividend is decided, but the rate of dividend fluctuates every year according to the availability of profits such shares are called ________.

Option 1: Equity shares

Option 2: Non – cumulative preference shares 

Option 3: Non – convertible preference shares

Option 4: Non – Guaranteed preference shares

Question : A preference share that carry the right of sharing surplus profits is called _______.

Option 1: Non cumulative preference shares

Option 2: Cumulative preference shares 

Option 3: Participating preference shares

Option 4: Non participating preference  shares