Debentures Quiz
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Questions and Answers

What is a debenture as per the Companies Act, 2013?

  • A type of long-term borrowing instrument issued by a company (correct)
  • A type of government-issued security
  • A type of equity instrument issued by a company
  • A type of short-term borrowing instrument issued by a company
  • What is the nature of debenture holders' claim on the company's assets?

  • They have a claim on the company's assets (correct)
  • They have voting rights in the company
  • They have no claim on the company's assets
  • They have ownership rights in the company
  • What does a company promise to debenture holders?

  • To pay back a specific amount of money at a fixed interest rate with no predetermined date
  • To pay back a specific amount of money at a variable interest rate with no predetermined date
  • To pay back a specific amount of money at a fixed interest rate on a predetermined date (correct)
  • To pay back an unspecified amount of money at a variable interest rate on a predetermined date
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