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      Question

      With respect to ESOP, which of the following statement

      is incorrect?
      A ESOP is an option given to creditors of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer
      B ESOP is an option given to whole-time directors of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer
      C ESOP is an option given to employees of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer
      D ESOP is an option given to officers of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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