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Question
Explain the following term/concept.
Credit Rating
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Solution
(1) Every company has to get credit rating of its deposits and include the ratings in the circular or advertisement. The credit rating agency considers the net worth of the company, liquidity position, ability to repay deposits on time etc.
(2) The rating shall be obtained for every year during the tenure of deposits. A copy of the credit rating shall be submitted to ROC.
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Select the correct option from the bracket.
| Group 'A' |
Group 'B' |
|
a) Government Company |
1) ___________________ |
|
b) ___________________ |
2) Deposits from members |
|
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3) ___________________ |
|
d) ___________________ |
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|
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State the contents of circular or Advertisement for Deposit
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Give one word or phrase for the following sentence:
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