Assertion (A): A share is considered to be a movable property. Reason (R): A share can be purchased or sold in a stock exchange in case of a listed company. In the context of the above two statements, which of the following is correct?

Question

KollegeApply · Accepted Answer

Both (A) and (R) are true and (R) is the correct explanation of (A). Explanation: A share is considered movable property as it can be transferred from one person to another. In listed companies, shares can be bought or sold on a stock exchange, making them easily tradable. However, trading on a stock exchange is not the reason shares are movable property.

AChoose Your Answer