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Merchant Discount Rate is a charge or fee imposed on merchants by a bank for accepting payment from their customers in credit and debit cards every time a card is used for payment. According to recent RBI notification, from January 1 2018, small merchants (turnover upto Rs.20 lakh) will pay a maximum MDR of 0.40% of bill value and larger merchants (turnover greater than Rs.20 lakh) will pay 0.90%.
Article 45 of the Indian Constitution describes the
The Montague-Chelmsford Reforms were passed in which year?
The concept of the Planning Commission in the Indian Constitution was borrowed from which country?
With reference to CollabCAD, recently seen in news, consider the following statements:
1. It is a software system launched Department of Science ...
How many types of emergencies are recognized under the Indian Constitution?
With reference to the acquisition of Citizenship under the Citizenship Act of 1955, consider the following statements:
1. The children of foreign...
In the context of the Constitution and Polity of a country, which of the following is/are correct?
1. A Constitution determines the relationship ...
Consider the following statements in the context of the National Commission for Protection of Child Rights (NCPCR):
1. It is established under th...
Which of the following Government official is the Chairman of the Rajya Sabha?
Consider the following statements:
1. In a federation, the powers of the federal and provincial governments are clearly demarcated.
2. In ...