Business Studies

Public deposits of a company cannot exceed _____ per cent of its share capital and free reserves. 


ANSWER

25


SOLUTION
Public deposits refers to the unsecured securities which is invited from the public. It is mainly used to finance the working capital of the company. Public deposits of a company cannot exceed 25 per cent of its share capital and free reserves.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 201
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
The money raised by issue of equity shares is called ________ share capital.
  • A. Preference
  • B. Bonus
  • C. Right
  • D. Equity

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Long-term sources of finance includes ____________.
  • A. Debentures
  • B. Long-term borrowings
  • C. Loans from financial institutions
  • D. All of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Debentures may be issued by a company for ________.
  • A. Cash
  • B. Consideration other than cash
  • C. As a collateral security
  • D. Any of above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
_______may be said to be the compulsory termination of membership by way of penalty for non-payment of allotment and/or any call money.
  • A. Surrender of shares
  • B. Forfeiture of shares
  • C. Transfer of shares
  • D. Transmission of shares

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The sources of funds can be categorized on the basis of _______________.
  • A. Time period
  • B. Ownership
  • C. Source of generation
  • D. All of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer