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प्रश्न
With reference to business finance, explain the following: Public Deposits
उत्तर
A company can accept deposits from the public to finance its medium and short term requirements of funds. The companies always prefer to accept public deposits for meeting their financial needs, than approaching banks or other financial bodies. Companies generally receive public deposits for different periods ranging from 6 months to 5 years. The rate of interest on the deposits varies from 10 percent per annum to 12 percent per annum depending upon the period of deposits and the reputation and standing of the company.
APPEARS IN
संबंधित प्रश्न
Write a word or terrn or phrase which can substitute each of
the following statements:
The authority which has power to accept deposits.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
State, with reason, whether the following statement is True or False.
A public company can receive deposits from the public to any extent.
Draft a letter to a depositor informing him about payment of interest.
Explain the features/ Advantages of deposits or Public Deposits.
State the merits and demerits of public deposits and retained earnings as methods of business finance.
What are public deposits?
Public deposits are a source of long-term finance.
Describe the disadvantages of public deposits.
