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प्रश्न
TRUE OR FALSE:
Public deposits refer to the deposits of money made by the public with non-banking companies.
सत्य या असत्य
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उत्तर
This statement is true.
Explanation:
Public deposits refer to the deposits of money made by the public with non-banking companies, usually for a fixed period at an agreed rate of interest. It is a source of short-term or medium-term finance for companies.
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