What is a Debenture ?
Correct answer: A. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
- A. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
- B. Certificate for the investment in shares
- C. Certificate for the preference share
- D. None of these
Explanation
A debenture is a company's debt certificate promising repayment of a specified principal, usually with fixed interest, at a stated maturity. It represents borrowing by the company, not ownership through shares.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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