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Question
Explain the following term/concept.
Deposit Receipt
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Solution
The company accepts deposits in order to meet the short-term requirement of the company. The Deposit Receipt is proof of receipt of deposit. It is sent to the depositor within 21 days from the date of acceptance of deposits.
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RELATED QUESTIONS
Depositors are ______ of a company.
A Company cannot accept deposit for more than ______ months.
Select the correct answer from the options given below and rewrite the statement.
A company cannot accept deposit for less than ______ months.
Select the correct answer from the options given below and rewrite the statement.
Public Deposits are accepted to meet the requirement of ______ Capital.
Select the correct answer from the options given below and rewrite the statement.
______ has the power to invite deposits from the Public.
Select the correct answer from the options given below and rewrite the statement.
Rate of interest on deposits is ______.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Depositors | 1) Fixed |
| b) Rate of Interest on Deposits | 2) Evidence of ownership |
| c) Deposit Receipt | 3) Debtors |
| 4) Creditors | |
| 5) Evidence of deposit | |
| 6) Fluctuating |
Write a word or a term or a phrase which can substitute the following statement.
Return on investment on deposit.
Write a word or a term or a phrase which can substitute the following statement.
Instrument for payment of interest on deposit.
State whether the following statement is true or false.
Fixed Deposit holder is creditor of the company.
State whether the following statement is true or false.
Fixed Deposit holders are entitled to receive dividend.
State whether the following statement is true or false.
A Private Company cannot accept the deposits from the general public.
Complete the sentence.
A company can accept deposits for the minimum period of ______ months.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ |
| a) Depositor | 1) ____________ |
| b) Return on Deposits | 2) ____________ |
| c) ______________ | 3) Maximum Period of Deposits |
| d) Minimum Period of Deposits | 4) ____________ |
(Interest, Creditor of the company, 36 months, 6 months)
Answer in one sentence.
What is Interest Warrant?
Arrange in proper order
- Renewal of Deposit
- Acceptance of Deposits
- Deposit Receipt
Explain the following term/concept.
Depositor
Explain the following term/concept.
Interest on Deposit
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
