Advertisements
Advertisements
प्रश्न
Write a word, term, or phrase that can substitute for
the following statement:
The authority which has power to accept deposits.
Advertisements
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.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
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.
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?
With reference to business finance, explain the following:
Public Deposits
Multiple Choice Question:
Public deposits are deposits that are raised directly from
State the merits and demerits of public deposits and retained earnings as methods of business finance.
A public deposit is a deposit made by public in the nationalised banks.
Discuss the importance of public deposits as sources of medium and short-term finance.
Explain the pros and cons of public deposits as a source of business finance.
Public deposits are a source of long-term finance.
Describe the disadvantages of public deposits.
