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State whether the following statement is true or false.Company appoints Credit Rating Agency to protect the interest of depositors. - Secretarial Practice

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Question

State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.

Options

  • True

  • False

MCQ
True or False

Solution

False

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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 90]

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RELATED QUESTIONS

Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.


Return of deposit must be filed every year on or before ______.


Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.


Write a word or a term or a phrase which can substitute the following statement.
Agreement between company and Deposit Trustee.


State whether the following statement is true or false.
Return of deposit must be filed every year on or before 31st March.


State whether the following statement is true or false.

For secured deposits, company has to create a charge on its tangible assets.


State whether the following statement is true or false.

Deposit Receipt is issued within 21 days of receipt of deposits.


Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.


Select the correct option from the bracket.

Group 'A'

Group 'B'

a) Government Company

1) ___________________

b) ___________________

2) Deposits from members

c) 36 months

3) ___________________

d) ___________________

4) Charge on tangible assets

e) Return of deposit

5)   __________________

(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)


Correct the underlined word and rewrite the following sentence.
Company appoints Credit Rating Agency to protect the interest of Depositors.


Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.


Explain the following term/concept.
Tenure of Deposit


Explain the following term/concept.
Charge on tangible assets


Explain the following term/concept.
Deposit Repayment Reserve Account


Answer in brief.
State the contents of circular or Advertisement for Deposit


State any four terms and conditions regarding acceptance of Deposit.


Find the odd one.


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Retained earnings 1 ______
b)  ______ 2 Written communication
c) 36 months 3 ______
d) ______ 4 Charge on assets
e) Cash sales 5 ______

(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of deposits.)


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


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