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Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which one of the following best describes the term “Merchant Discount Rate” sometimes seen news?a)The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.b)The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.c)The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit card.d)The incentive given by the Government to merchants for promoting digital payments by their customers through Point of sale (PoS) machines and debit cards.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.