Question : A company invited applications for 5,00,000 shares and received applications for 6,00,000 shares. Applications for 1,00,000 shares were rejected and the remaining shares were allotted to applicants. How many shares an applicant apply for 500 shares will be allotted?
Option 1: 200 Shares
Option 2: 500 Shares
Option 3: 400 Shares
Option 4: 600 Shares
Correct Answer: 500 Shares
Solution : Application Received = 6,00,000
Application Rejected = 1,00,000
Total Shares Alloted= Application Received - Application Rejected
= 6,00,000 - 1,00,000 = 5,00,000 shares.
5,00,000 applied = 5,00,000 allotted
500 applied = 5,00,000/ 5,00,000 x 500 = 500 Shares. Hence, the correct answer is option 2.
Question : Good Co. Ltd. invited applications for 1,00,000 shares of Rs. 10 each payable:
Rs. 3 on application, Rs. 3 on allotment and the balance when required. Applications were received for 1,20,000 shares out of which applications for 1,00,000 shares
Question :
Good Co. Ltd. invited applications for 1,00,000 shares of Rs. 10 each payable: Rs. 3 on application, Rs. 3 on allotment and the balance when required. Applications were received for 1,20,000 shares out of which applications
Question : Narain Ltd. invited applications for issuing 7,500, 12% Debentures of Rs.100 each at a premium of Rs.35 per debenture. The full amount was payable on application. Applications were received for 10,000 debentures. Applications for 2,500 debentures were rejected and the
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