Question : ------------------- debentures are the debentures that are not registered in the records of the company in the name of the holder. These debentures are transferable by mere delivery. Interest is paid to the person who produces coupons attached to the debenture.
Option 1: Registered debentures
Option 2: Bearer debentures
Option 3: Secured debentures
Option 4: Unsecured debentures
Correct Answer: Bearer debentures
Solution : Answer = Bearer debentures
Bearer debentures are unregistered debentures that are transferable by delivery, without the need for formal registration in the company's records. Interest payments are made to whoever holds the physical debenture certificates, as indicated by the attached coupons. These debentures offer anonymity and ease of transfer.
Hence, the correct option is 2.