When applications received exceed the number of debentures offered, the issue is termed over subscribed. If applications are less than offered it is under subscribed, and if equal it is fully subscribed. Pro-rata allotment is a method of dealing with over subscription, not the term for the situation itself.
When the number of Debentures applied for is more than the number of debentures offered to public, the issue is said to be:
CUET UG 2022 — Accountancy Company Accounts
2022mcqeasy
When the number of Debentures applied for is more than the number of debentures offered to public, the issue is said to be:
Official previous-year question
Held on 15 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Under subscribed
- B
Over subscribed
- C
Fully subscribed
- D
Pro-rata basis allotment
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