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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
Write a word, term, or phrase that can substitute for
the following statement:
The authority which has power to accept deposits.
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.
Write notes on (Any Three)
Repayment of Deposits.
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.
What are public deposits?
Explain the pros and cons of public deposits as a source of business finance.
