Question

Companies generally invite public deposits for a period upto ________ years.

• A. One
• B. Two
• C. Three
• D. Four

Answer 1

Answer: (C)

Three

The deposits that are raised by organisations directly from the public are known as public deposits. The organization in return issues a deposit receipt as acknowledgement of the debt. Public deposits can take care of both short-term or medium-term financial requirements. Companies generally invite public deposits for medium-term period upto three years.