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प्रश्न
A public deposit is a deposit made by public in the nationalised banks.
पर्याय
True
False
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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
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.
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
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.
Describe the disadvantages of public deposits.
