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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.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
Explain the features/ Advantages of deposits or Public Deposits.
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.
A public deposit is a deposit made by public in the nationalised banks.
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.
