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The memories will always remain with the poet.

i. Revaluation A/c or Profit and Loss Adjustment A/c

ii. Deficit

iii. Deceased Partner’s Executor’s Loan Account

iv. Legal Heir/Executor/Legal Representative of a deceased partner

v. Profit and Loss Suspense A/c

On the death of a partner, a debit balance of the Profit and Loss Account is adjusted and transferred to all Partners’ Capital/Current Accounts in their old profit sharing ratio.

The amount finally due to the deceased partner is settled by transferring the same amount to his Legal Heir or Representative’s Loan Account and the same is paid to the legal heir or representative or executor after completing all legal formalities.

1. Creditors

2. Secretary

3. Short

4. 6 months

5. Interest

The share of the deceased partner in accrued profit is calculated on the assumed basis of average profit of the past few years and credited to the Deceased Partner’s Capital Account.

1. Depositors are creditors of the company.

2. Deposits are the external source of financing.

3. Deposit is a short-term source of capital.

4. Depositors are entitled to receive interest.

An interest warrant is an instrument of payment of interest.

Fixed-rate of interest is provided as the return on a deposit.

Correct option: (b) interest

i. Profit

ii. Legal Heir’s or Executor

iii. Reserve fund or General reserve

iv. Deceased partner

v. Gain/Benefit ratio

The deposit can be accepted for a minimum period of 6 months and a maximum period of 36 months.

The person who keeps his/her money for a fixed period of time with the company is known as ‘Depositor’.

Renewal Deposit Receipt is enclosed along with the Renewal Letter.

A process of continuing the deposit for an additional time period after maturity of investment (deposit) is called “Renewal of Deposit”.

Correct option: (c) Board of Directors

• Depositors are the creditors of the company and not the owners.
• Frequent correspondence with depositors is not required as they do not participate in the management of the company.
• The company secretary has to conduct correspondence with depositors regarding the acceptance of deposits, payment of interest on deposits, renewal of deposits, repayment of deposits, and so on.
• Secretary conducts such correspondence on behalf of the company and also as per the instructions of the Board of Directors.
• The secretary should be very cautious and careful while corresponding with depositors of the company.
• Thus, it is rightly justified that the secretary has to correspond with depositors on certain circumstances.

Correct option: (b) working

SUNRISE INDUSTRIES LIMITED

50/A, Swami Narayan Road, Tunga Village, Mumbai: 400 072

CIN: L42105 MH2005 PLC 402512

Tel. No.: 022-23731242 

Fax No.: 022-23738656 

Ref. No.: S/DEP/51/2019-20

Website: www.sunriselimited.com 

Email: [email protected] 

Date: 17th Feb 2019

Mr. Rajesh Joshi 

20, Hilton Complex, 

Laxmi Road, 

Solapur – 413 018

Sub: Renewal on Fixed Deposits.

Dear Sir,

We, hereby, acknowledge receipt of your application for the renewal of a deposit of ₹ 50,000/- for a further period of one year. We have also received duly discharged deposit receipt No. 1242 and the same has been placed before the Board for consideration and approval.

As per the resolution passed at the Board meeting held on 15th Feb 2019, the Board has decided to renew the deposits for a further period of 1 year on the same terms and conditions.

A deposit receipt No 4424 is enclosed along with this letter. Thanking you,

Yours faithfully,

For Sunrise Industries Ltd,

Sign

Miss Shalakha Suvarna

Company Secretary

Encl: Fixed Deposit receipt No 4424

1. The person who keeps deposits with the company for a fixed period of time is known as ‘Depositor’.

2. Deposit is a short-term source of finance of the company and it is used in order to satisfy the short-term working capital needs of the company.

3. Interest on deposit refers to the return on the investment of money in deposits.

4. A deposit Receipt is an acknowledgment of deposit money accepted by the company.

5. Renewal of Deposit means accepting the same deposit for an additional period of time after its maturity.

6. Refunding the amount of deposit on the maturity of tenure of deposits is known as ‘Repayment of Deposit’.

1. True

2. True

3. False

4. False

5. True

6. False

The amount due to a retiring partner is settled as per the terms of partnership agreement or otherwise mutually agreed upon either in lumpsum or in installments.

Correct option: (b) short term

Correct option: (b) 36

The outstanding amount due to the retiring partner is transferred to the retiring partner’s Loan Account.

Correct option: (a) 6

(c) Bihar, West Bengal, Kerala, Uttar Pradesh

In India, the regional differences can also be seen along with inequality in the spatial distribution of population. The distribution of population is controlled by many natural, social, economic and political factors in India. 

The important factors are the following:

1. Climate: Climate is the most important factor in influencing the population distribution. Extremely cold, extremely hot and extremely humid areas of India are not favourable for human habitation, and thus, such areas show scarce population density. This is the reason that high cold mountain areas of the Himalayas, dry desert areas of Rajasthan and extremely humid areas of Lowlands are included in scarcely populated areas of India.

2. Geographical terrain: In wind – swept regions, in the areas with rough and uneven surface terrain in agriculturally infertile tracts, due to inconvenience in agricultural operations, transport problems and isolation, the population remains less.

3. Water – availability: Water is the fundamental resource for human life and his activities. The density of population in the northern part of India goes down from the east to the west along with the decreasing amount of rainfall. Due to the supply of adequate water through Indira Gandhi Canal in the north-western parts of Rajasthan, the population density is relatively high.

4. Mineral Resources: The mineral – rich areas of India have adequate potential for industrial and economic development, due to which, there is attraction for human habitation in these areas. Dense population is found in mineral – rich areas like Damodar Valley, Plateau in Chota Nagpur and Kolar fields.

5. Transport Facilities: As compared to mountains and plateaus, transport facilities are more developed in the plains. This encourages intensive population in the plains.

6. Social – Psychological Factors: The social, psychological, religious and cultural factors also have an important role in influencing population density and distribution. Among the factors influencing distribution of population directly or indirectly, the remarkable factors include social organisation, social structure, rituals and traditions, religious structure, social values, religious values, ethics, standard of living, food and drink, etc.

7. Political and Economic Factors: Political factors affecting the regional distribution of the population include political instability, dissatisfaction and insecurity. While the factors like industrialization and urbanisation play an important role as economic factors. For example, in the last few decades, the rate of migration of population has increased due to the increase in terrorist incidents in states like Jammu and Kashmir, Assam and Punjab.

Correct Answer is: (a) Delhi

Correct Answer is: (c) 17.5%

According to the 2011 census, the state of India that has the highest population density is Bihar (1102 people per sq. km).

The population density in India was 117 people per sq. km in the year 1951. This increased to 216 people per sq. 1cm in 1981, 325 people per sq. km in 2001 and 382 people per sq. 1cm in 2011.

The average population growth rate of India in the decade 2001-2011 was 17.64%.

Change in the number of people living in a particular area between two certain period of time is called population growth. This growth of population can be both positive or negative in nature.

Population density refers to a certain ratio of population and the earth’s surface, in which the quantity of population deposition is measured. It is expressed as people living per square unit area.

Jammu – Kashmir, Punjab and Assam are the main states in this category.

1. Arunachal Pradesh (Population density -17). 

2. Mizoram (Population density – 52). 

3. Sikkim (Population density – 86).

The adequate water supply by Indira Gandhi Canal has been the most important factor in North – Eastern desert areas of Rajasthan.

1. Delhi (Population density – 11297). 

2. Chandigarh (Population density – 9252).

(d) 1961 – 71

Correct Answer is: (c) 382

According to the 2011 census, the state with the minimum population density in India was Arunachal Pradesh, in which the population density was 17 people per sq. km.

(b) Arunachal Pradesh

In the 2001 – 2011 decade, the population-growth in Meghalaya was 27%, which is the highest in all the states of India.

Deforestation and exploitation of fossil fuels are the main causes which increase the level of carbon dioxide in the atmosphere.

According to the 2011 census, the total population of India is 121.02 crore.

Correct Answer is : (c) 1872

In the year 2011, the average population density of India was 382 people per sq. km.