Get Started with ixamBee
Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowClosed 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.
ABC Ltd is a financing company and has given loans and advances to its subsidiary and earned an interest of Rs 1.00 lacs. This interest income is :
A charge in or upon any movable property, existing or future, created by a borrower in favor of a secured creditor without delivery of possession of the...
What is one disadvantage of the systems approach?
What is the premium for deposit insurance is paid by the banks to DICGC for every Rs 100?
Which of the following best describes a merger of two companies where a financially sick or distress business is merged with a sound company as part ...
As per Partnership Act, in which of the following cases partners have the duty to indemnify the loss caused to the firm?
Under the defined contribution plan, the amount of pension on retirement is dependent upon which of the following factors?
Under which of the following methods is the latest cost of inventories charged to production but the old prices are charged to inventories in hand?
Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buil...
What is the term for the ability to make independent and informed choices about one's actions?
