Question : There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the prop rite option from the options given below (A) Both Assertion (A) and Reason (R) are true, but Reason (R) is the correct explanation of Assertion (A). (B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A). (C) Assertion (A) is false, but Reason ( R ) is true. (D) Assertion (A) is true, but Reason (R) is false. Question: Assertion (A): A company must receive a minimum subscription on the public issue of shares Reason (R): In default to receive a minimum subscription, the company could not allot its shares
Option 1: A
Option 2: B
Option 3: C
Option 4: D
Correct Answer: A
Solution : Answer = (A) Both Assertion (A) and Reason (R) are true, but Reason (R) is the correct explanation of Assertion (A).
Assertion (A) is true because according to company law, a company must receive the minimum subscription amount as specified in the prospectus to proceed with the allotment of shares. Reason (R) is also true because if a company fails to receive the minimum subscription, it cannot allot shares as it would not meet the legal requirement for issuing shares. Thus, Reason (R) explains why Assertion (A) is true. Hence, the correct option is 1.
Question : There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the prop rite option from the options given below (A) Both Assertion (A) and Reason (R) are true, but Reason (R) is the correct explanation of Assertion (A). (B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A). (C) Assertion (A) is false, but Reason ( R ) is true. (D) Assertion (A) is true, but Reason (R) is false. Question: Assertion (A): Received amount of securities premium will not debited to securities premium reserve account, on forfeiture of shares. Reason (R): Received amount of securities premium will be debited while writing off of certain type of capital loss or expenditure.
Question : There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the prop rite option from the options given below (A) Both Assertion (A) and Reason (R) are true, but Reason (R) is the correct explanation of Assertion (A). (B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A). (C) Assertion (A) is false, but Reason ( R ) is true. (D) Assertion (A) is true, but Reason (R) is false. Question: Assertion (A): Equity shares do not carry a fixed rate of dividend and they are the ultimate risk bearer. Reason (R): Equity shareholders are getting dividends from the residual part of profits and in the case of the windup of the company, invested money will be refunded at the last.
Option 4: d
Question : Assertion (A): Shares cannot be allotted unless a minimum subscription is received. Reason (R): SEBI has prescribed that a company issuing shares to the public cannot allot shares unless it receives a subscription of 90% of the shares issued. In the context of the above two statements, which of the following is correct?
Option 1: Asseration A and Reason R are correct but the reason R is not correct explanation of Assertion A
Option 2: Both Assertion A and reason R are correct and Reason R is the correct explanation of Assertion A
Option 3: Only Assertion A is correct
Option 4: Assertion A is not correct but Reason R is correct
Question : Assertion: Physical capital is tangible in nature Reason: Physical capital can be seen and touchable.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is true.
Question : Assertion (A): Complementary goods have joint demand. Reason (R): In order to fulfill a specific need, complementary commodities are simultaneously desired.
Option 4: Assertion (A) is False but Reason (R) is True
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