Deposits — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDeposits2 Marks
Question
Tenure of Deposit
✓
Answer
Tenure of the deposit is the term or period of deposit.
A company can accept deposits for a period of six months or more than thirty-six months.
In certain circumstances, a company may accept deposits repayable earlier than six months to meet its short-term needs. Premature repayment is made after 3 months.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.