Question
Which of the following statement is/are
correct about Card-on-File Tokenisation initiative: Recently , State Bank of India (SBI) proposed to introduce Card-on-File Tokenisation (CoFT). It is transaction where in cardholders authorizes merchants to store their payment information securely. This shall be unique for a combination of card, token requestor and the merchant.Solution
Recently, the Reserve Bank of India (RBI) proposed to introduce Card-on-File Tokenisation (CoFT).
This shall be unique for a combination of card, token requestor and the merchant (token requestor and merchant may or may not be the same entity).
Card-on-File transaction: It is transaction where in cardholders authorizes merchants to store their payment information securely and bill cardholders’ stored accounts for future purchases.
'A' and 'B' entered into a business with investments of Rs. 6,000 and Rs. 9,000 respectively. 20% of the overall profit is allocated to 'A' for handling...
In a factory with 8750 workers, 44% are men, and the remaining are women. 60% of the men and 45% of the women work as managers, out of which only 160 me...
Palash invest twice the sum invested by Vicky and withdraws half of the sum after 2 months and again withdraws half of the remaining sum after 6 months....
Aman, Bhanu, and Chikku jointly initiated a business with a total investment of Rs. 80,000, of which Aman invested Rs. 24,000. After 6 months, Aman adde...
A and B invested Rs.5000 and Rs.10000 in a business respectively and after 3 months B withdrawn 50% of his initial investment and again after 5 months h...
A, B and C joined into a partnership with investment in the ratio of 6 : 7 : 9 respectively. Behind one year, B doubled his investment. At the end of ...
Ram started a business with the capital investing Rs 6000. After 3 months Shyam also joined him, with the capital investing Rs 4000. They make a profit ...
Pawan, Yamini, and Zoya initiated a business with a total capital of Rs. 184,000. Yamini's and Zoya's initial investments were Rs...
A and B started a business by investing sum in the ratio 5:7 respectively for 6 and 10 months respectively. If annual profit earned by B is Rs.1400, the...
A, B and C started a business with initial investments in the ratio 3:4:8, respectively. After one year A, B and C made additional investments equal to ...
Relevant for Exams:
