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Question
Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.
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Solution
Minimum tenure of deposit is 6 months.
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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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Period within which a company has to create a charge on its tangible assets
Write a word or a term or a phrase which can substitute the following statement.
Document issued by a company to invite its members to subscribe for its Deposits.
Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
Government company can collect deposits from its members.
State whether the following statement is true or false.
A private company can collect deposits from public.
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Deposit can be accepted for a maximum of 36 months.
State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.
State whether the following statement is true or false.
Deposit Trust Deed is an agreement between company and Deposit Trustee
Find the odd one
Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits
Correct the underlined word and rewrite the following sentence.
Company appoints Credit Rating Agency to protect the interest of Depositors.
Explain the following term/concept.
Deposit Trustee
Explain the following term/concept.
Charge on tangible assets
Explain the following term/concept.
Credit Rating
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
