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Question
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Solution
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RELATED QUESTIONS
Draft a Letter to the depositor informing him/her about payment of interest.
Write a word or terrn or phrase which can substitute each of
the following statements:
The authority which has power to accept deposits.
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.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
Explain the features/ Advantages of deposits or Public Deposits.
Multiple Choice Question:
Public deposits are deposits that are raised directly from
Public deposits are deposits made by the public in nationalised banks.
A public deposit is a deposit made by public in the nationalised banks.
Discuss the importance of public deposits as sources of medium and short-term finance.
Explain the pros and cons of public deposits as a source of business finance.
Public deposits are a source of long-term finance.
