Advertisements
Advertisements
Question
Public deposits are deposits made by the public in nationalised banks.
Options
True
False
Advertisements
Solution
This statement is False.
Explanation:
Due to unsecured deposits made by the public in enterprises rather than nationalised institutions.
RELATED QUESTIONS
Draft a Letter to the depositor informing him/her about payment of interest.
Write a word, term, or phrase that can substitute for
the following statement:
The authority which has power to accept deposits.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
Write notes on (Any Three)
Repayment of Deposits.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
Multiple Choice Question:
Public deposits are deposits that are raised directly from
State the merits and demerits of public deposits and retained earnings as methods of business finance.
Discuss the importance of public deposits as sources of medium and short-term finance.
Explain the pros and cons of public deposits as a source of business finance.
Describe the disadvantages of public deposits.
