Vidyalelo
Commerce · Q163

Business and Commerce

Graduate and Post Graduate · Commerce · question 163

Q163

Public deposits obtained by a company means __________.

A.
deposits received from government
B.
deposits received from public at large
Answer
C.
deposits received from stockiest and agent as advance
D.
deposit received from share holders

Answer: Option B

Solution

Answer: Option B
Solution:
Public deposits obtained by a company means deposits received from public at large. Any member of the public can fill up the prescribed form and deposit the money with the company.