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प्रश्न
Public deposits are a source of long-term finance.
पर्याय
True
False
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उत्तर
This statement is False.
Explanation:
Public deposits are generally a source of short-term or medium-term finance. Companies use them to raise funds from the public for a fixed period, usually up to 3 years, making them unsuitable for long-term financing.
संबंधित प्रश्न
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.
Draft a letter to a depositor informing him about payment of interest.
Explain the features/ Advantages of deposits or Public Deposits.
With reference to business finance, explain the following:
Public Deposits
State the merits and demerits of public deposits and retained earnings as methods of business finance.
Public deposits are deposits made by the public in nationalised banks.
A public deposit is a deposit made by public in the nationalised banks.
What are public deposits?
Describe the disadvantages of public deposits.
