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प्रश्न
Write a word, term, or phrase that can substitute for
the following statement:
The authority which has power to accept deposits.
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उत्तर
Commercial banks
Explanation:
Commercial banks are financial institutions legally authorized to accept deposits from the public. They provide a safe place for people to keep their money and offer services like savings accounts, current accounts, and fixed deposits. Accepting deposits is one of their primary and essential functions.
APPEARS IN
संबंधित प्रश्न
Draft a Letter to the depositor informing him/her about payment of interest.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
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.
With reference to business finance, explain the following:
Public Deposits
Public deposits are deposits made by the public in nationalised banks.
What are public deposits?
Discuss the importance of public deposits as sources of medium and short-term finance.
Public deposits are a source of long-term finance.
Describe the disadvantages of public deposits.
