n NISM Certifications
XV NISM Series XV
Medium

In liquidation, what is the correct order of payment to claimants?

Practice question from NISM XV Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Debenture holders → Preference shareholders → Common shareholders

    Correct answer

  2. B

    Debenture holders → Common shareholders → Preference shareholders

  3. C

    Preference shareholders → Debenture holders → Common shareholders

  4. D

    Preference shareholders → Common shareholders → Debenture holders

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full NISM Series XV mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.