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Explain the following term/concept. Interest on Deposit - Secretarial Practice

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प्रश्न

Explain the following term/concept.

Interest on Deposit

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उत्तर

The company accepts deposits in order to meet the short-term requirement of the company. A deposit is a borrowed capital. The company is liable to pay a fixed rate of interest on the amount invested in deposits by the depositors. The company pays interest through interest warrant or electronic mode i.e. NEFT, ECS etc.

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Precautions to Be Taken by the Secretary While Corresponding with Depositors
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 8: Correspondence with Depositors - Exercises [पृष्ठ १२५]

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बालभारती Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
अध्याय 8 Correspondence with Depositors
Exercises | Q 2.3 | पृष्ठ १२५

संबंधित प्रश्न

Depositors are ______ of a company.


Select the correct answer from the options given below and rewrite the statement.

Depositors provide ______ Capital to the company.


Select the correct answer from the options given below and rewrite the statement.

A Company cannot accept deposit for more than ______ months.


Select the correct answer from the options given below and rewrite the statement.

A company cannot accept deposit for less than ______ months.


Write a word or a term or a phrase which can substitute the following statement.

Instrument for payment of interest on deposit.


Write a word or a term or a phrase which can substitute the following statement.

Return of deposits on maturity date.


State whether the following statement is true or false.

Deposits are invited by the company without issuing statutory advertisement.


Complete the sentence.

Depositors are the ______ of the company.


Complete the sentence.

The ______ must be cautious and careful while writing letters to the depositors.


Complete the sentence.

Deposit is a ______ term source of finance of the company.


Answer in one sentence.

Who is depositor?


Answer in one sentence.

What is the return on deposit?


Answer in one sentence.

What is Interest Warrant?


Correct the underlined word and rewrite the following sentence.

Deposits are the internal source of financing.


Correct the underlined word and rewrite the following sentence.

Depositors are entitled to receive dividend.


Explain the following term/concept.

Deposit


Justify the following statement.

The Company Secretary should take certain precautions while corresponding with depositors.


State whether the following statements are true or false.

A Private Company can accept the deposits from the general public.


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