Question
Consider the following statement is/are associated with
Bharat Bill Payment System (BBPS)? I. BBPS is an RBI driven system administered by National Payments Corporation of India. II. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banksrsquo; Association (IBA). III. Payments through BBPS may be made using cash and cheques only. Which of the above statement is/are not correct?Solution
The Bharat Bill Payment System (BBPS) is an RBI conceptualised system driven by National Payments Corporation of India (NPCI). Payments through BBPS may be made using cash, transfer cheques and electronic modes. National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banksrsquo; Association (IBA). Reserve Bank of India recently eased norms for non-bank entities to set up Bharat Bill Payment operating units by reducing the net-worth requirement to Rs 25 crore from Rs 100 crore, with a view to encourage more players in the segment. Bharat Bill Payment System (BBPS) is an interoperable platform for bill payments and the scope and coverage of BBPS extends to all categories of billers who raise recurring bills. It was launched by NPCI.
A shopkeeper marks the price of the article in such a way that after allowing 28% discount, he wants a gain of 12%. If the marked price is ₹224. then ...
A shopkeeper bought oranges at 7 for a rupee and sold them at a gain of 40%. How many oranges for a rupee did he sell?
If a product is offered two successive discounts of 19% and 20%, what is the equivalent single discount?
Arun purchased a TV set for Rs 14000 and a DVD player for Rs. 8000. He sold both the items together for Rs. 26400. How much percent profit did he make? ...
- A bookseller sold a novel for Rs. 150 after allowing a discount of ‘r%’ on its marked price. If the marked price of the novel is Rs. 250, then find the...
Profit percentage received on a product when sold for Rs. 600 is equal to the percentage loss incurred when the same product is sold for Rs. 400. Find t...
- A trader made a profit of 18% on a product, while another trader sold the same product for a 14% profit. If the first trader’s profit was Rs. 32 more tha...
A purchased an article and sold it to B at 20% profit. B marked it up by 25% above the price at which A has purchased it and then sold it after giving a...
A man bought an washing machine of Rs.15000 and spend Rs.2000 on its repairing and Rs.1000 for buying its new parts. After few days he vend it...
A gadget costing Rs. 3,500 is sold after offering a discount of 15%. If a profit of 25% is made on the sale, what is the marked p...