Civil Services Kerala (കേരളം) PSC KAS Prelims Test Series 2025 General Knowledge Economy External Sector and Currency Exchange rate
With reference to debentures, consider the following statements:
1. Convertible debentures can be exchanged for equity shares.
2. Irredeemable debentures are repaid at the end of a fixed period.
3. Debenture holders are entitled to fixed interest payments.
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
None