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Question
Select the correct answer from the options given below and rewrite the statement:
For premature repayment of deposit, company deducts __________ % of interest.
Options
1
18
20
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Solution
For premature repayment of deposit, company deducts 1 % of interest.
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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.
Minimum tenure of a deposit.
Write a word or a term or a phrase which can substitute the following statement.
Period within which a company has to create a charge on its tangible assets
Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt
Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
Government company can collect deposits from its members.
State whether the following statement is true or false.
Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.
State whether the following statement is true or false.
Deposit Receipt is issued within 21 days of receipt of deposits.
State whether the following statement is true or false.
Deposit Trust Deed is an agreement between company and Deposit Trustee
Find the odd one.
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.)
Explain the following term/concept.
Eligible Public Company
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
Deposit Insurance
Find the odd one.
