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Question
Deposit can be accepted for a minimum of 6 months and a maximum for ______ months.
Options
36
3
30
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Solution
Deposit can be accepted for a minimum of 6 months and a maximum for 36 months.
Explanation:
According to the guidelines of many regulatory authorities like the RBI (Reserve Bank of India) and company law provisions, deposits (especially public deposits) can generally be accepted for a minimum period of 6 months and a maximum of 36 months (3 years). These durations are part of regulated norms to ensure financial discipline and protect investors.
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