Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence :

Nominal value of shares allotted to the public is called _____________ capital.
a) authorised
b) reserve
c) paid up
d) subscribed

Answer 1

Nominal value of shares allotted to the public is called subscribed capital.

Explanation: Shares applied by the public and allotted to the public by a company are referred to as shares subscribed. Therefore, the nominal value of shares allotted to the public is termed as subscribed capital.