1.

A Company invited applications for 1,00,000 shares and it received applications for 1,50,000 shares. Applications for 30,000 shares were rejected and the remaining were allotted shares on prorata basis. How many shares an applicant for 3,000 shares will be allotted (A) 2,500 Shares (B) 3,600 Shares (C) 4,500 Shares (D) 2,000 Shares

Answer»

Correct option is (A) 2,500 Shares



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