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प्रश्न
With reference to business finance, explain the following:
Public Deposits
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उत्तर
- A company can accept deposits from the public to finance its medium and short-term requirements of funds.
- The companies always prefer to accept public deposits for meeting their financial needs rather than approaching banks or other financial bodies.
- Companies generally receive public deposits for different periods ranging from 6 months to 5 years.
- The rate of interest on the deposits varies from 10 percent per annum to 12 percent per annum depending upon the period of deposits and the reputation and standing of the company.
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.
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.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
What are the provision and rules of companies Act1956 with respect to the Invitation of 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.
Discuss the importance of public deposits as sources of medium and short-term finance.
Public deposits are a source of long-term finance.
