Select the correct answer from the options given below and rewrite the statements.
1. Depositors are …………………….. of a company.
a) Members b) Creditors c) Debtors
Ans:- b) Creditors
2. Depositors provide …………………….. Capital to the company.
a) Short Term b) Long Term c) Medium term
Ans:- a) Short Term
3. A Company cannot accept deposit for more than …………………….. months.
a) 24 b) 36 c) 45
Ans:- b) 36
4. A company cannot accept deposit for less than …………………….. months.
a) 6 b) 3 c) 5
Ans:- a) 6
5. Deposits are …………………….. loans of the company.
a) fixed b) short term c) long term
Ans:- b) short term
6. Public Deposits are accepted to meet the requirement of …………………….. Capital.
a) fixed b) working c) owned
Ans:- b) working
7. …………………….. has the power to invite deposits from Public.
a) Shareholders b) Auditors c) Board of Directors
Ans:- c) Board of Directors
8. Rate of interest on deposits is …………………….. .
a) fixed b) fluctuating c) moderate
Ans:- a) fixed
9. The return or income for the investment of money on deposits is called ………………………
a) Dividend b) Interest c) Discount
Ans:-b) Interest