State whether the following statements are true or false.

1. Equity share capital is known as venture capital.
Ans: True

2. Equity shareholders enjoy fixed rate of dividend.
Ans: False

3. Equity shareholders are described as ‘shock absorber’ when company has financial crisis.
Ans: True

4. Debenture holders have right to vote at general meeting of the company. 
Ans: False

5. Bond holders are owners of the company. 
Ans: False

6. Depository bank stores the shares on behalf of GDR holder. 
Ans: True

7. Financial institutions underwrite the issue of securities.
Ans: True

8. Cash credit is given against hypothecation of goods or any security.
Ans: True

9. Trade credit is major source of long term finance. 
Ans: False