Advertisements
Advertisements
प्रश्न
A public deposit is a deposit made by public in the nationalised banks.
पर्याय
True
False
Advertisements
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
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
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
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
Public deposits are deposits made by the public in nationalised banks.
What are public deposits?
Explain the pros and cons of public deposits as a source of business finance.
Describe the disadvantages of public deposits.
