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Statement (I): Issue of shares is the most common method

UPSC Civil Exam Solution 2021

UPSC ESE Exam Solution 2021 for Civil Engineering UPSC ESE 2021 GS Paper 1 download exam paper from telegram https://telegram.me/civil_experiences

Statement (I): Issue of shares is the most common method especially to raise long-term funds.

Statement (II): The equity shareholders are residual owners who have restricted claim on income as dividend.





ANSWER= [B] Both Statement (I) and Statement (II) are individually true but Statement (II) is NOT the correct explanation of Statement (I)

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