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      Question

      What is the key amendment in the provision regarding

      business credit cards issued by card-issuers to business entities/individuals for business expenses? ย 
      A Introduction of overdraft/cash credit facility Correct Answer Incorrect Answer
      B Requirement for issuing add-on cards Correct Answer Incorrect Answer
      C Inclusion of charge cards Correct Answer Incorrect Answer
      D Inclusion of an effective mechanism to monitor end use of funds Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Inclusion of an effective mechanism to monitor end use of funds ย  Explanation: The key amendment in the provision is the inclusion of a requirement for card-issuers to put in place an effective mechanism to monitor the end use of funds for business credit cards issued to business entities/individuals for business expenses. ย 

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