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Question
Explain the following term/concept.
Deposit
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Solution
Deposit is a short term source of finance for the company and it is used to meet the short term working capital requirements of the company. The company cannot accept deposits for a period of less than 6 months or more than 36 months. The company is liable to pay regular interest on the deposits at a fixed rate along with the principal amount on maturity.
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RELATED QUESTIONS
Depositors are ______ of a company.
Select the correct answer from the options given below and rewrite the statement.
Depositors provide ______ Capital to the company.
A Company cannot accept deposit for more than ______ months.
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Deposits are ______ loans of the company.
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Rate of interest on deposits is ______.
Write a word or a term or a phrase which can substitute the following statement.
Return of deposits on maturity date.
State whether the following statement is true or false.
Fixed Deposit holder is creditor of the company.
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A Private Company cannot accept the deposits from the general public.
Complete the sentence.
Depositors are the ______ of the company.
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A company can accept deposits for the minimum period of ______ months.
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Depositors are entitled to receive ______ at fixed rate.
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?
Explain the following term/concept.
Depositor
Explain the following term/concept.
Interest on Deposit
Explain the following term/concept.
Deposit Receipt
State whether the following statements are true or false.
A Private Company can accept the deposits from the general public.
