Practice Test

Q1) ______ is the major source of short term credit Show Answer

Q2) _______ are the loan creditors of the company. Show Answer

Q3) Deposit carries a fixed rate of __________ Show Answer

Q4) Deposit is repayable after a certain fixed _____. Show Answer

Q5) Minimum period of deposit is _______ months. Show Answer

Q6) Maximum period of deposit is _______ months. Show Answer

Q7) Company has to comply with __________ requirements regarding public deposits. Show Answer

Q8) Deposit ________ is the evidence of deposit kept by the company. Show Answer

Q9) Company deposits provide ______ capital to companies. Show Answer

Q10) Deposit receipt similar to _________ of the banks is issued by the company. Show Answer

Q11) Company appoints _________ to look after correspondence with depositors. Show Answer

Q12) Interest on deposit is deductible for ________ purpose. Show Answer

Q13) _________ Resolution is required for acceptance of deposit Show Answer

Q14) Essentially, the amount of deposit does not exceed _________ limit. Show Answer

Q15) A private company can accept the deposits from the general public. Show Answer

Q16) The amount of deposits is a long term source of capital. Show Answer

Q17) Depositors are given voting rights. Show Answer

Q18) Depositors are entitled to receive dividend. Show Answer

Q19) Correspondence with the depositors is limited. Show Answer

Q20) ________ company can accept public deposits. Show Answer

Q21) _________ company cannot accept public deposits. Show Answer

Q22) Public deposit is short term __________ capital. Show Answer

Q23) Deposit is useful for ________ financial needs. Show Answer

Q24) Deposits is accepted for maximum _______ months. Show Answer

Q25) Income on deposit is __________. Show Answer

Q26) The deposit means "any amount _______ by the company". Show Answer

Q27) A company cannot accept new deposits if it hasmade ________ in repayment to old deposit holders. Show Answer

Q28) A depositors has to send duly discharged ______ to the company for repayment of deposits. Show Answer

Q29) ________ replies are essential while writing letters to the depositors. Show Answer

Q30) Rude and Harsh words should be strictly _______. Show Answer

Q31) ______ and Correct information should be provided to debenture holders. Show Answer

Q32) While corresponding secretary has to maintain the _____ of the company. Show Answer

Q33) It is necessary to maintain _______ as regards to the correspondence with depositors. Show Answer

Q34) The Deposit ______ is a proof of receipt of deposit. Show Answer

Q35) Deposit Receipt is sent to depositor within ______ days from the date of acceptance of deposits. Show Answer

Q36) If a depositor continues his deposit for additional period after the completion of initial time period it is called as ____. Show Answer

Q37) The printed application forms for renewal of deposits are to be sent to all depositors at least ______ before the maturity date. Show Answer

Q38) The letter for repayment of deposit is to be sent to the depositor, when the deposit is to be ______. Show Answer

Q39) Company can accept deposits for a period more than 36 months. Show Answer

Q40) Secretary is not concerned with the provision of Invitation, Acceptance, Renewal and Repayment. Show Answer

Q41) Rude words should be strictly avoided. Show Answer

Q42) Letters to the depositors should not be precise. Show Answer

Q43) Secretary is not responsible for the goodwill of the company. Show Answer

Q44) Secretary has to maintain secrecy while corresponding with depositors. Show Answer

Q45) Letter of Regret should be sent to the depositors immediately after receiving the deposits. Show Answer

Q46) Deposit Receipt is a proof of receipt of deposits. Show Answer

Q47) Deposit is an owned capital. Show Answer

Q48) Company becomes defaulter if repayment of deposits are not done on maturity of its tenure. Show Answer

Q49) Deposits are __________ loans of the company. Show Answer

Q50) Public Deposits are accented to meet the requirement of __________ Capital. Show Answer

Q51) Depositors provide __________ capital to the company. Show Answer

Q52) Depositors are __________ of a company. Show Answer

Q53) A company cannot accept deposit for less than __________ months Show Answer

Q54) A Company cannot accent deposit for more than __________ months. Show Answer

Q55) __________ has the power to invite deposits from Public. Show Answer

Q56) The return or income for the investment of money on deposits is called __________. Show Answer

Q57) Rate of interest on deposits is __________. Show Answer

Q58) The Deposit Receipt has to be sent within __________ days from the date of acceptance of deposits. Show Answer

Q59) The company pays interest to the depositors through __________. Show Answer

Q60) When a deposit is renewed a __________ receipt is sent to the depositors. Show Answer

Q61) The deposits are redeemed when __________. Show Answer

Q62) Fixed deposit is a short term source of finance for the company. Show Answer

Q63) Public Deposit is a good source of long term financing Show Answer

Q64) Fixed Deposit holder is creditor of the company. Show Answer

Q65) Deposits are invited by the company without issuing statutory advertisement. Show Answer

Q66) A private company cannot accept the deposits from the general public. Show Answer

Q67) A company can accept deposit with a maturity period of 3 months. Show Answer

Q68) A company cannot accept deposit for a period of more than 36 months. Show Answer

Q69) The depositors can participate in the decisions making process of the company,. Show Answer

Q70) The depositor enjoys one vote for every deposit certificate they hold. Show Answer

Q71) Fixed Deposit holders are entitled to receive dividend. Show Answer

Q72) The company pays interest to the depositors depending on the profits made by the company. Show Answer

Q73) The Deposit Receipt has to be sent within 21 days from the date of acceptance of deposits. Show Answer

Q74) The company chooses to renew the deposits of the depositor. Show Answer

Q75) When the depositor renews the deposit it is renewed for the original time period. Show Answer

Q76) It is binding on the company to repay the deposit. Show Answer