A private company can accept deposits from _____________
- Adirectors
- Bgovernment
- ✓public
Answer: C.
View full solution →Question types
Correspondence with Depositors question types
77 questions across 12 question groups — pick any mix to generate a Secretarial Practice paper with step-by-step answer keys.
77
Questions
12
Question groups
5
Question types
01
Select the correct answer from the options given below and rewrite the statement.
17 Q→02Give one word or phrase for the following sentence:
10 Q→03State whether the following statement is true or false.
12 Q→04Match the correct pairs
2 Q→05Explain the following term/concept in detail:
6 Q→06Answer in brife
2 Q→07Justify the following statement.
5 Q→08Answer the following questions
5 Q→09Find the odd one.
3 Q→10Complete the sentences.
5 Q→11Answer in one sentence.
8 Q→12Correct the underlined words and rewrite the following sentences.
2 Q→Sample Questions
Correspondence with Depositors questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
A government Company can accept maximum _____________ percent deposit.
- A25
- ✓35
- C30
Answer: B.
View full solution →Company can also make electronic payment of interest through _____________
- ADGFT
- ✓NEFT
- CIEPF
Answer: B.
View full solution →Company makes payment of interest on deposits after deducting _____________
- AACS
- BCGS
- ✓TDS
Answer: C.
View full solution →Person investing in company’s deposit is called _____________
- ✓depositor
- Bdebenture holder
- Cshareholder
Answer: A.
View full solution →The way of writing letters from depositors’ point of view.
Avoiding rude and harsh words while writing letters to the depositor’s means.
Amount deducted from gross interest exceeding ₹ 10,000.
The status of the deposit holder in the company.
A person who invests in a company’s deposits.
Government companies can raise deposits up to 35 percent.
The deposit receipt should be issued within 21 days from the date of acceptance of the deposit.
Correspondence with depositors helps to maintain the goodwill of the company.
Company Secretary has to follow legal provisions while corresponding with depositors.
Fixed deposit is a long-term source of finance.
| Group ‘A’ | Group ‘B’ |
| 1. Deposit maturity | (a) Letter of renewal |
| 2. Accuracy | (b) Investment up to ₹ 25000 |
| 3. Deposit receipt | (c) 21 days |
| 4. Small depositors | (d) Precaution |
| 5. Renewal of deposit | (e) 36 months |
| (f) Creditors |
Repayment of Deposit
Renewal of deposit
Deposit Receipt
Interest on deposit
Deposit
What are the circumstances under which the Secretary makes correspondence with depositors?
Which precautions are to be taken by the secretary while corresponding with depositors?
Correspondence with the depositors enhances the goodwill of the company.
Deposits are repaid on maturity.
Public deposits can be renewed after the maturity period.
There are certain circumstances when a secretary has to correspond with depositors.
The Company Secretary should take certain precautions while corresponding with depositors.
Draft a letter to a depositor informing him about payment of interest through electronic mode.
Draft a letter to the depositor regarding redemption or repayment of his deposit.
Write a letter to the depositor for the renewal of his deposit.
OR
Draft a letter to the depositor for renewal of his deposit.
OR
Draft a letter to the depositor for renewal of his deposit.
Draft a letter to a depositor informing him about payment of interest through interest warrant.
Draft a letter of thanks to depositors of a company.
6 months, 25 months, 36 months
Depositor, Creditor, Evidence of Ownership
Repayment of Deposit, Convertible Debentures, Renewal of Deposit
Secretary conducts correspondence with the depositors as per the instructions of the _____________
Unnecessary and irrelevant information in the letter should be _____________
Company cannot accept deposits for period less than _____________ months.
The company is liable to pay regular _____________ on the deposits at a fixed rate.
Company cannot accept deposits for a period more than _____________ months.
Deposit receipt can be issued within a period of 15 days of acceptance.
Deposits can be accepted for a minimum period of 12 months.
Arrange in proper : Return with depositors, Entries in register of deposit, Issue of the deposit receipt
Arrange in proper : Appoint banker, Credit rating, Deposit insurance
Arrange in proper : Legal provision, Board Resolution, Acceptance of deposits
Deposit receipt can be issued within a period of 15 days of acceptance.
Deposits can be accepted for a minimum period of 12 months.
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