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Which of the following is… (Class 12 Accountancy 2026, Q6a)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/1/1 · 1 mark · MCQ

CBSE Class 12 Accountancy 2026: question 6(a)

Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section A, question 6(a), for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q6(a) · 1 mark · MCQIssue and Redemption of Debentures

Which of the following is not correct about collateral security ?

  1. (A)It is a primary security.
  2. (B)It is an additional security.
  3. (C)It is a subsidiary security.
  4. (D)It is a secondary security.

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/1/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

"Collateral" means alongside or additional.

Hint 2

Three options describe the same idea.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Collateral security is given in addition to the primary security, as a subsidiary or secondary security.

  2. So "it is a primary security" is the incorrect statement. Option (A).

    1 mark

Answer: (A) It is a primary security

Where the marks are

  • Collateral security is not primary (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Issue and Redemption of Debentures, one at a time, marked against the answer key and marking points.Back to the full paper2026 board paper, set 67/1/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.