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Question
Public deposits are deposits made by the public in nationalised banks.
Options
True
False
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Solution
This statement is False.
Explanation:
Due to unsecured deposits made by the public in enterprises rather than nationalised institutions.
RELATED QUESTIONS
Write a word, term, or phrase that can substitute for
the following statement:
The authority which has power to accept deposits.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Write notes on (Any Three)
Repayment of Deposits.
State, with reason, whether the following statement is True or False.
A public company can receive deposits from the public to any extent.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
What are the provision and rules of companies Act1956 with respect to the Invitation of Public deposits?
Explain the features/ Advantages of deposits or Public Deposits.
What are public deposits?
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.
