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)