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Question
A public deposit is a deposit made by public in the nationalised banks.
Options
True
False
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Solution
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.
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RELATED QUESTIONS
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
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.
Draft a letter to a depositor informing him about payment of interest.
Explain the features/ Advantages of deposits or 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.
Public deposits are deposits made by the public in nationalised banks.
What are public deposits?
Describe the disadvantages of public deposits.
