Closed System Payment Instruments: These are payment instruments issued by a person for facilitating the purchase of goods and services from him/it. These instruments do not permit cash withdrawal or redemption. Semi-Closed System Payment Instruments: These are payment instruments which can be used for purchase of goods and services, including financial services at a group of clearly identified merchant locations/ establishments. These instruments do not permit cash withdrawal or redemption by the holder. Open System Payment Instruments: These are payment instruments which can be used for purchase of goods and services, including financial services like funds transfer at any card accepting merchant locations (point of sale terminals) and also permit cash withdrawal at ATMs / BCs.
Which of the following statements are true in regards to the Ahom kingdom of Assam?
1. Established in 1228 in the Brahmaputra valley of Ass...
What is the overtime rate for workers employed in agriculture mentioned under the act of minimum wages act 1948?
Which of the following is not an accounting principle?
Two vehicles A and B travel with uniform speed 30 km per hour and 60 km per hour respectively in the same direction. They start at the same time and fr...
Consider the following statements regarding disqualification
1. The disqualification under Representation of Peoples Act, 1951 is decided by t...
In the context of the Cabinet Secretary of India, consider the following statements
1. Cabinet Secretary is the senior-most civil servant in I...
Who among the following coined the term “Social Security”?
Palash invest thrice the sum invested by Vicky and withdraws half of the sum after 5 months and again withdraws half of the remaining sum after 5 months...
Which of the following provisions are correct in regards to FRBM Act 2.0?
the FRBM act requires the gover...
A shirt is marked 40% above the cost price and sold after a discount of Rs.108 at Rs.452. Find the cost price of the shirt.
