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Question
Select the correct answer from the options given below and rewrite the statement.
______ has the power to invite deposits from the Public.
Options
Shareholders
Auditors
Board of Directors
Solution
The Board of Directors has the power to invite deposits from the Public.
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RELATED QUESTIONS
Depositors are ______ of a company.
Select the correct answer from the options given below and rewrite the statement.
Rate of interest on deposits is ______.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Depositors | 1) Fixed |
| b) Rate of Interest on Deposits | 2) Evidence of ownership |
| c) Deposit Receipt | 3) Debtors |
| 4) Creditors | |
| 5) Evidence of deposit | |
| 6) Fluctuating |
Write a word or a term or a phrase which can substitute the following statement.
An acknowledgement of the fixed deposit accepted by a company.
Write a word or a term or a phrase which can substitute the following statement.
Maximum period of deposits.
State whether the following statement is true or false.
Fixed Deposit holder is creditor of the company.
State whether the following statement is true or false.
A Private Company cannot accept the deposits from the general public.
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.
Depositors are entitled to receive ______ at fixed rate.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ |
| a) Depositor | 1) ____________ |
| b) Return on Deposits | 2) ____________ |
| c) ______________ | 3) Maximum Period of Deposits |
| d) Minimum Period of Deposits | 4) ____________ |
(Interest, Creditor of the company, 36 months, 6 months)
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.
Arrange in proper order
- Renewal of Deposit
- Acceptance of Deposits
- Deposit Receipt
Explain the following term/concept.
Deposit
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
