Question Description
With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. 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 With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.

Solutions for With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. 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 With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?, a detailed solution for With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the Merchant Discount Rate, consider the following statements:1. It is the cost paid by a merchant to a bank for accepting payment from their customers via digital means.2. It is expressed in percentage of the transaction amount.3. It is applicable for online transactions and QR-based transactions.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.