Match List-I with List-II

List-I	List-II
Type of Debenture	Meaning
(A) Redeemable Debenture	(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.
(B) Perpetual Debenture	(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures.
(C) Specific Coupon Rate Debenture	(III) Issued with a specified rate of interest, which is called the coupon rate.
(D) Bearer Debenture	(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture.

Choose the correct answer from the options given below:

(A) Redeemable Debenture → These debentures are repaid by the company after a specified period. The repayment can be made either as a lump sum payment on maturity or in installments over time during the company's existence. This matches with (I).

(B) Perpetual Debenture → Also called irredeemable debentures, these have no fixed maturity date. The company does not commit to repaying the principal amount during its lifetime. They are only repaid when the company is liquidated. This matches with (II).

(C) Specific Coupon Rate Debenture → These debentures carry a fixed rate of interest mentioned on the debenture certificate, known as the coupon rate (for example, 10% Debentures, 12% Debentures). The interest is calculated on this specified rate. This matches with (III).

(D) Bearer Debenture → These are negotiable instruments that can be transferred simply by handing over (delivery) to another person without any formal transfer procedure. The company does not maintain a register of such debenture holders. This matches with (IV).

The correct matching is: (A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Correct Answer: Option 1