Advertisements
Advertisements
Question
Explain the following term/concept.
Interest on Deposit
Advertisements
Solution
The company accepts deposits in order to meet the short-term requirement of the company. A deposit is a borrowed capital. The company is liable to pay a fixed rate of interest on the amount invested in deposits by the depositors. The company pays interest through interest warrant or electronic mode i.e. NEFT, ECS etc.
APPEARS IN
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.
Write a word or a term or a phrase which can substitute the following statement.
Maximum period of deposits.
Complete the sentence.
Deposit is a ______ term source of finance of the company.
Complete the sentence.
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 the return on deposit?
Correct the underlined word and rewrite the following sentence.
Depositors are owners of the company.
Correct the underlined word and rewrite the following sentence.
Deposit is a long term source of capital.
Correct the underlined word and rewrite the following sentence.
Depositors are entitled to receive dividend.
Explain the following term/concept.
Depositor
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
