Select the correct answer from the options given below and rewrite the statement:Deposit is a type of ______________________. - Secretarial Practice

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MCQ
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Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.

Options

  • Owned capital

  • Short term loan

  • Long term loan

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Solution

Deposit is a type of Short term loan.

Concept: Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 88]

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 5 Deposits
Exercises | Q 1. A) 1. | Page 88

RELATED QUESTIONS

Answer in one sentence.
What is Deposit Repayment Reserve Account?


Return of deposit must be filed every year on or before ______.


Write a word or a term or a phrase which can substitute the following statement.
A company which can accept deposits from its members, directors, or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.


Write a word or a term or a phrase which can substitute the following statement.
Document issued by a company to invite its members to subscribe for its Deposits.


Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.


State whether the following statement is true or false.

A private company can collect deposits from public.


State whether the following statement is true or false.

Deposit can be accepted for a maximum of 36 months.


State whether the following statement is true or false.
Deposit Trust Deed is an agreement between company and Deposit Trustee


Find the odd one.


Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.


Select the correct option from the bracket.

Group 'A'

Group 'B'

a) Government Company

1) ___________________

b) ___________________

2) Deposits from members

c) 36 months

3) ___________________

d) ___________________

4) Charge on tangible assets

e) Return of deposit

5)   __________________

(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)


Correct the underlined word and rewrite the following sentence.
Company appoints Credit Rating Agency to protect the interest of Depositors.


Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.


Explain the following term/concept.
Charge on tangible assets


Explain the following term/concept.
Deposit Insurance


Explain the following term/concept.
Credit Rating


Answer in brief.
State the contents of circular or Advertisement for Deposit


State any four terms and conditions regarding acceptance of Deposit.


Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.


Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.


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