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Question
Select the most appropriate answer from the alternatives given below and rewrite the sentence :
Nominal value of shares allotted to the public is called _____________ capital.
Options
authorised
reserve
paid up
subscribed
Solution
Nominal value of shares allotted to the public is called subscribed capital.
Explanation: Shares applied by the public and allotted to the public by a company are referred to as shares subscribed. Therefore, the nominal value of shares allotted to the public is termed as subscribed capital.
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