Q.During the period of boom in the share market ______ are issued to raise capital.

The odd one out is Redemption value. Face value and market value both relate to equity shares, whereas redemption value relates to securities that are repayable, such as preference shares and debentures.

• Face value is the nominal (par) value of a share as stated in the capital and printed on the certificate.
• Market value is the price at which a share is actually bought and sold in the stock market. …

The correct option is equity shares. In a boom, high investor confidence lets a company raise ownership capital easily and cheaply.

A 'boom' is a period when the share market is rising, trading is active and investors are optimistic and willing to buy shares. In such conditions a company can sell its equity shares quickly, and usually at a premium, because demand is strong. This is the cheapest and most convenient time to raise ownership (permanent) capital that never has to be repaid and carries no fixed interest burden.

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The correct option is par. Issue price equal to face value means the share is issued at par.

Every share has a face value (also called nominal or par value) printed on it, here ₹ 100. The way a share is issued is judged by comparing the price at which it is offered with this face value. When the issue price equals the face value, that is, a ₹ 100 share is sold for ₹ 100, the share is said to be issued 'at par'.

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