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A Rs. 10 share has Rs. 7 called. On 1,000 such shares, called up capital is
ARs. 700
BRs. 7,000
CRs. 3,000
DRs. 10,000
Answer & Solution
Correct answer: B. Rs. 7,000
Called up capital is what has been asked from holders: 1,000 shares times Rs. 7 gives Rs. 7,000.
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