Maharashtra State BoardHSC Commerce 12th Board Exam
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Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 5 - Deposits [Latest edition]

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Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 5: Deposits

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Exercise Q.1 [Pages 88 - 91]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 5 Deposits Exercise Q.1 [Pages 88 - 91]

Exercise Q.1 | Q 1.01 | Page 88

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

  • Owned capital

  • Short term loan

  • Long term loan

Exercise Q.1 | Q 1.02 | Page 88

Select the correct answer from the options given below and rewrite the statement:
Eligible public company and Government Company can collect deposits from _____________.

  • It’s employees

  • Public

  • RBI

Exercise Q.1 | Q 1.03 | Page 88

Select the correct answer from the options given below and rewrite the statement:
Private company can accept deposits from its member or Directors upto not more than ___________ % of its aggregate of paid-up share Capital and free reserves.

  • 100

  • 35

  • 25

Exercise Q.1 | Q 1.04 | Page 88

Select the correct answer from the options given below and rewrite the statement:
A __________ Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves..

  • Government

  • Private

  • Eligible Public

Exercise Q.1 | Q 1.05 | Page 88

Select the correct answer from the options given below and rewrite the statement:
Deposit can be accepted for a minimum of 6 months and maximum for ________ months

  • 36

  • 3

  • 30

Exercise Q.1 | Q 1.07 | Page 88

Select the correct answer from the options given below and rewrite the statement:
Company can issue circular or advertisement for inviting deposits after _________ days of filing it with Registrar of Companies.

  • 30

  • 21

  • 7

Exercise Q.1 | Q 1.08 | Page 88

Select the correct answer from the options given below and rewrite the statement:
Company has to appoint ________________ to protect the interest of depositors

  • Debenture Trustees

  • Deposit Trustees

  • Credit Rating Agency

Exercise Q.1 | Q 1.09 | Page 89

Select the correct answer from the options given below and rewrite the statement:
Charge on assets is to be created when a company issues ______________.

  • Unsecured deposit

  • Unsecured Debenture

  • Secured deposit

Exercise Q.1 | Q 1.1 | Page 89

Select the correct answer from the options given below and rewrite the statement:
Deposit Receipt is issued within ______________ days of receipt of deposit

  • 7

  • 30

  • 21

Exercise Q.1 | Q 1.11 | Page 89

Select the correct answer from the options given below and rewrite the statement:
For premature repayment of deposit, company deducts __________ % of interest.

  • 1

  • 18

  • 20

Exercise Q.1 | Q 1.12 | Page 89

Select the correct answer from the options given below and rewrite the statement:
Return of deposit must be filed every year on or before ____________.

  • 30th June

  • 31st March

  • 30th April

Exercise Q.1 | Q 2 | Page 89

Match the pairs.

Group 'A'

Group 'B'

a) Private Company

10% of aggregate of paid-up share Capital + free reserves

b) Deposit Trust Deed

Signed at least 7 days before issuing advertisement

c) Secured Deposit

Maximum 30 months

d) Tenure of deposit

Charge on tangible assets

e) Return of Deposit

100% aggregate of paid-up share capital + free reserves

 

File on or before 31st March every year

 

Signed 21 days after issuing advertisement

 

Maximum 36 months

 

Charge on intangible assets

 

File on or before 30th June every year

Exercise Q.1 | Q 3.01 | Page 89

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.

Exercise Q.1 | Q 3.02 | Page 89

Write a word or a term or a phrase which can substitute the following statement.
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.

Exercise Q.1 | Q 3.03 | Page 89

Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.

Exercise Q.1 | Q 3.04 | Page 89

Write a word or a term or a phrase which can substitute the following statement.
Maximum tenure of a deposit

Exercise Q.1 | Q 3.05 | Page 89

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

Exercise Q.1 | Q 3.06 | Page 89

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.

Exercise Q.1 | Q 3.07 | Page 89

Write a word or a term or a phrase which can substitute the following statement.
Agreement between company and Deposit Trustee.

Exercise Q.1 | Q 3.08 | Page 89

Write a word or a term or a phrase which can substitute the following statement.
Account that can be used only for repaying deposits

Exercise Q.1 | Q 3.09 | Page 89

Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt

Exercise Q.1 | Q 3.1 | Page 89

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

Exercise Q.1 | Q 4.01 | Page 89

State whether the following statement is true or false.
Return of deposit must be filed every year on or before 31st March.

  • True

  • False

Exercise Q.1 | Q 4.02 | Page 89

State whether the following statement is true or false.
Eligible public company can collect deposits from its members.

  • True

  • False

Exercise Q.1 | Q 4.03 | Page 90

State whether the following statement is true or false.
Government company can collect deposits from its members.

  • True

  • False

Exercise Q.1 | Q 4.04 | Page 90

State whether the following statement is true or false.

A private company can collect deposits from public.

  • True

  • False

Exercise Q.1 | Q 4.05 | Page 90

State whether the following statement is true or false.

Deposit can be accepted for a maximum of 36 months.

  • True

  • False

Exercise Q.1 | Q 4.06 | Page 90

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.

  • True

  • False

Exercise Q.1 | Q 4.07 | Page 90

State whether the following statement is true or false.

For secured deposits, company has to create a charge on its tangible assets.

  • True

  • False

Exercise Q.1 | Q 4.08 | Page 90

State whether the following statement is true or false.

Deposit Receipt is issued within 21 days of receipt of deposits.

  • True

  • False

Exercise Q.1 | Q 4.09 | Page 90

State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.

  • True

  • False

Exercise Q.1 | Q 4.1 | Page 90

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

  • True

  • False

Exercise Q.1 | Q 5.1 | Page 90

Find the odd one of depositors.

  • Private company

  • Eligible public company

  • Government company.

Exercise Q.1 | Q 5.2 | Page 90

Find the odd one of depositors.

  • Deposit Trustee

  • Deposit Trust Deed, 

  • Special Resolution

Exercise Q.1 | Q 5.3 | Page 90

Find the odd one of depositors.

  • Appointment of Deposit Trustee

  • Appointment of Registrar of companies

  • Appointment of Credit Rating Agency

Exercise Q.1 | Q 6.01 | Page 90

Complete the sentence:
Deposit is a type of  _____________ term loan.

Exercise Q.1 | Q 6.02 | Page 90

Complete the sentence:
Eligible Public company and Govt. Company can accept deposits from ______________.

Exercise Q.1 | Q 6.03 | Page 90

Complete the sentence:
To collect deposits from public, Eligible public company must have a net worth of not less than ___________

Exercise Q.1 | Q 6.04 | Page 90

Complete the sentence:
A Government company can accept deposits from public not exceeding ____________.

Exercise Q.1 | Q 6.05 | Page 90

Complete the sentence:
Deposits can be accepted or renewed for a period not less than 6 months and not more than ___________.

Exercise Q.1 | Q 6.06 | Page 90

Complete the sentence:
Company cannot accept or renew deposits repayable on _____________.

Exercise Q.1 | Q 6.07 | Page 90

Complete the sentence:
Premature repayment of deposits can be done by a company but not before _____________.

Exercise Q.1 | Q 6.08 | Page 90

Complete the sentence:
To invite the public to subscribe for its deposits, a company issues __________________.

Exercise Q.1 | Q 6.09 | Page 90

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

Exercise Q.1 | Q 6.1 | Page 90

Complete the sentence:
Account which is used only for repaying deposits is called  _________________.

Exercise Q.1 | Q 7 | Page 90

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.)

Exercise Q.1 | Q 8.01 | Page 91

Answer in one sentence.
Which companies can accept deposits from the public?

Exercise Q.1 | Q 8.02 | Page 91

Answer in one sentence.
What is the maximum deposit the Government company can collect?

Exercise Q.1 | Q 8.04 | Page 91

Answer in one sentence.
Who are Deposit Trustees?

Exercise Q.1 | Q 8.05 | Page 91

Answer in one sentence.
What is Deposit Trust Deed?

Exercise Q.1 | Q 8.06 | Page 91

Answer in one sentence.
When does a company create charge on it’s tangible assets?

Exercise Q.1 | Q 8.07 | Page 91

Answer in one sentence.
Within what period should a company issue Deposit Receipt?

Exercise Q.1 | Q 8.08 | Page 91

Answer in one sentence.
When should a company Deposit?

Exercise Q.1 | Q 8.09 | Page 91

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

Exercise Q.1 | Q 8.1 | Page 91

Answer in one sentence.
What is Register of Deposit?

Exercise Q.1 | Q 9.1 | Page 91

Correct the underlined word and rewrite the following sentence.
Government Company can accept deposit from members.

Exercise Q.1 | Q 9.2 | Page 91

Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits

Exercise Q.1 | Q 9.3 | Page 91

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

Exercise Q.1 | Q 9.4 | Page 91

Correct the underlined word and rewrite the following sentence.
Deposit Receipt is issued within seven days from date of receipt of deposits

Exercise Q.1 | Q 9.5 | Page 91

Correct the underlined word and rewrite the following sentence.
Register of deposits is to be filed with the Registrar of companies on or before 30th June every year.

Exercise Q.1 | Q 9.6 | Page 91

Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.

Exercise Q.1 | Q 9.7 | Page 91

Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.

Exercise Q.1 | Q 10.1 | Page 91

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

Exercise Q.1 | Q 10.2 | Page 91

Arrange in proper order.
a. File Return of deposit
b. Issue Deposit Receipt
c. Issue advertisement.

Exercise Q.1 | Q 10.3 | Page 91

Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
c. Issue Deposit Receipt.

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Exercise Q.2 [Page 91]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 5 Deposits Exercise Q.2 [Page 91]

Exercise Q.2 | Q 1 | Page 91

Explain the following term/concept.
Eligible Public Company

Exercise Q.2 | Q 2 | Page 91

Explain the following term/concept.
Tenure of Deposit

Exercise Q.2 | Q 3 | Page 91

Explain the following term/concept.
Secured Deposit

Exercise Q.2 | Q 4 | Page 91

Explain the following term/concept.
Deposit Trustee

Exercise Q.2 | Q 5 | Page 91

Explain the following term/concept.
Charge on tangible assets

Exercise Q.2 | Q 6 | Page 91

Explain the following term/concept.
Deposit Insurance

Exercise Q.2 | Q 7 | Page 91

Explain the following term/concept.
Deposit Repayment Reserve Account

Exercise Q.2 | Q 8 | Page 91

Explain the following term/concept.
Credit Rating

Exercise Q.2 | Q 9 | Page 91

Explain the following term/concept.
Deposit Receipt

Exercise Q.2 | Q 10 | Page 91

Explain the following term/concept.
Return of Deposit

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Exercise Q.3 [Page 92]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 5 Deposits Exercise Q.3 [Page 92]

Exercise Q.3 | Q 1.1 | Page 92

Study the following case/situation and express your opinion.
Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is 10 Crores.
Can they accept deposits from the public?

Exercise Q.3 | Q 1.2 | Page 92

Study the following case/situation and express your opinion.
Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is 10 Crores.
Can they accept deposits which matures after 4 years?

Exercise Q.3 | Q 1.3 | Page 92

Study the following case/situation and express your opinion.
Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is 10 Crores.
Within what period should the company issue deposit Receipt to it’s depositors?

Exercise Q.3 | Q 2.1 | Page 92

Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits in joint names?

Exercise Q.3 | Q 2.2 | Page 92

Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits from it’s members?

Exercise Q.3 | Q 2.3 | Page 92

Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company issue secured deposits?

Exercise Q.3 | Q 3.1 | Page 92

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Does the company need to get shareholders approval for accepting deposits?

Exercise Q.3 | Q 3.2 | Page 92

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Does the company have to appoint a Debenture Trustee?

Exercise Q.3 | Q 3.3 | Page 92

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Within what period should the company create a charge on it’s assets?

Exercise Q.3 | Q 4.1 | Page 92

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Can the company accept deposits from the public?

Exercise Q.3 | Q 4.2 | Page 92

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Which document should the company issue to invite deposits?

Exercise Q.3 | Q 4.3 | Page 92

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
What is the maximum period for which they can accept deposits?

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Exercise Q.4 [Page 92]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 5 Deposits Exercise Q.4 [Page 92]

Exercise Q.4 | Q 1 | Page 92

Answer in brief.
State the amount of deposits that different types of companies can collect by way of deposits.

Exercise Q.4 | Q 2 | Page 92

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

Exercise Q.4 | Q 3 | Page 92

Answer in brief.
State the provisions regarding appointment of Deposit Trustee.

Exercise Q.4 | Q 4 | Page 92

Answer in brief.
State any four terms and conditions regarding acceptance of Deposit.

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Exercise Q.5 [Page 92]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 5 Deposits Exercise Q.5 [Page 92]

Exercise Q.5 | Q 1 | Page 92

Justify the following statement
All companies cannot accept deposits from public.

Exercise Q.5 | Q 2 | Page 92

Justify the following statement
There is a limit or restriction on the amount that a company can collect as Deposits.

Exercise Q.5 | Q 3 | Page 92

Justify the following statement
Company has to fulfill certain provisions related to issue of circular or advertisement.

Exercise Q.5 | Q 4 | Page 92

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

Exercise Q.5 | Q 5 | Page 92

Justify the following statement
Companies have to create a charge on their tangible assets while issuing secured deposits.

Exercise Q.5 | Q 6 | Page 92

Justify the following statement
Companies have to create a charge on their tangible assets while issuing secured deposits.

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Exercise Q.6 [Page 92]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 5 Deposits Exercise Q.6 [Page 92]

Exercise Q.6 | Q 1 | Page 92

Answer the following question:
Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.

Exercise Q.6 | Q 2 | Page 92

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

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Chapter 5: Deposits

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 5 - Deposits

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 5 (Deposits) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Secretarial Practice 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 5 Deposits are Acceptance of Deposits, Terms and Conditions for Acceptance of Deposits, Procedure for Accepting Deposits from Public, Procedure for Accepting Deposit from Members.

Using Balbharati 12th Board Exam solutions Deposits exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Balbharati Textbook Solutions to score more in exam.

Get the free view of chapter 5 Deposits 12th Board Exam extra questions for Secretarial Practice 12th Standard HSC Maharashtra State Board and can use Shaalaa.com to keep it handy for your exam preparation

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