Complete the sentences.
1. Deposit is a type of …………… term loan
Ans:- Deposit is a type of Short term loan.
2. Eligible Public company and Govt. Company can accept deposits from ………………
Ans:- Eligible Public company and Govt. Company can accept deposits from Public .
3. To collect deposits from public, Eligible public company must have a net worth of not less than ………….
Ans:- To collect deposits from public, Eligible public company must have a net worth of not less than ₹100 crores..
4. A Government company can accept deposits from public not exceeding …………..
Ans:- A Government company can accept deposits from public not exceeding 35% of its paid-up share capital and free reserves .
5. Deposits can be accepted or renewed for a period not less than 6 months and not more than ……………
Ans:- Deposits can be accepted or renewed for a period not less than 6 months and not more than 36 months. .
6. Company cannot accept or renew deposits repayable on ………………
Ans:- Company cannot accept or renew deposits repayable on Demand
.
7. Premature repayment of deposits can be done by a company but not before ………………….
Ans:- Premature repayment of deposits can be done by a company but not before 3 months.
8. To invite the public to subscribe for its deposits, a company issues ………………
Ans:- To invite the public to subscribe for its deposits, a company issues Advertisement. .
9. Agency which gives ratings of the deposits of a company is called ………….
Ans:- Agency which gives ratings of the deposits of a company is called Credit Rating Agency .
10. Account which is used only for repaying deposits is called ……………..
Ans:- Account which is used only for repaying deposits is called Deposit Repayment Reserve Account