Question

When a company purchases its own shares out of free reserves; a sum equal to nominal value of shares so purchased shall be transferred to

A Revenue redemption reserve
B Capital redemption reserve
C Buy-back reserve
D Special reserve
E General reserve
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)