English

Complete the sentence:Account which is used only for repaying deposits is called _________________.

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Question

Select the correct option from the bracket.

Group 'A'

Group 'B'

a) Government Company

1) ___________________

b) ___________________

2) Deposits from members

c) 36 months

3) ___________________

d) ___________________

4) Charge on tangible assets

e) Return of deposit

5)   __________________

(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)

Match the Columns
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Solution


Group 'A'

Group 'B'

a) Government Company

1) Deposit from public

b) Private Company

2) Deposits from members

c) 36 months

3) Maximum tenure of Deposit

d) Secured Deposit

4) Charge on tangible assets

e) Return of deposit

5) File on or before 30th June

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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 90]

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Answer in one sentence.
When does a company create charge on it’s tangible assets?


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Minimum tenure of a deposit.


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Deposit can be accepted for a maximum of 36 months.


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Company appoints Credit Rating Agency to protect the interest of depositors.


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Deposit Trust Deed is an agreement between company and Deposit Trustee


Find the odd one


Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.


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a. Appoint Deposit Trustee.
b. Hold General Meeting.
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Explain the following term/concept.

Secured Deposit


Answer in brief.
State the contents of circular or Advertisement for Deposit


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While issuing secured deposits, company has to appoint Deposit Trustee.


Arrange in Proper Order:

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(b) Deposit Receipt

(c) Acceptance of Deposit


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