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Question
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
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Solution
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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.
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
What are the provision and rules of companies Act1956 with respect to the Invitation of Public deposits?
With reference to business finance, explain the following:
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.
Public deposits are deposits made by the public in nationalised banks.
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.
Public deposits are a source of long-term finance.
