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प्रश्न
A public deposit is a deposit made by public in the nationalised banks.
विकल्प
True
False
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उत्तर
This statement is False.
Explanation:
Public deposits are a source of financing for companies, where the general public is invited to deposit their money directly with the company for a fixed period and at a predetermined interest rate. This is different from bank deposits.
APPEARS IN
संबंधित प्रश्न
Draft a Letter to the depositor informing him/her about payment of interest.
Write a word, term, or phrase that can substitute for
the following statement:
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.
Write notes on (Any Three)
Repayment of Deposits.
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.
What are public deposits?
Discuss the importance of public deposits as sources of medium and short-term finance.
