Question
A company issued 1,00,000 shares of ₹10 each at a
premium of ₹2 per share, payable ₹3 on application, ₹4 on allotment (incl. premium), balance on call. Applications received for 1,50,000 shares; pro-rata allotment made. If X applied for 3,000 shares, how many shares were allotted and what amount adjusted towards allotment?Solution
Allotment ratio = 1,00,000:1,50,000 = 2:3. So 3,000 applied → 2,000 allotted. Application money = 3,000 × 3 = 9,000. Required = 2,000 × 3 = 6,000. Excess 3,000 adjusted towards allotment.
Which river is the longest in Asia?
What was the total profit of public sector banks in India for FY24?
Which Gharana was started in the period of Mughal Emperor Jahangir?
The length of Agra-Lucknow Express Highway is approximately :
Who emerged victorious in the 133rd edition of the Durand Cup by defeating Mohun Bagan Super Giant?
Recently, who has been roped in as the Prime Minister of Malaysia?
Which of the following is the confluences of Gandak and Ganga rivers?
In which of the following states/ut the Union Minister Sarbananda Sonowal has inaugurated the ‘Ayush Utsav’ recently?
Who originally coined the term "Green Shoots" in the context of economic recovery?
How many members does the Election Commission of India have, including the Chief Election Commissioner?
