The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of
dividend is fluctuating every year according to the availability of profits, such share are called :

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Non-cumulative preference share

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Equity Share

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Non-convertible preference share

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Non-guaranteed preference share

1.	The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called :
A.	Equity Share
B.	Non-cumulative preference share
C.	Non-convertible preference share
D.	Non-guaranteed preference share
Answer» B. Non-cumulative preference share

The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called :

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