Question
Immediate Payment Service is an instant payment
inter-bank electronic funds transfer system in India. Mark the correct option/s for IMPS.Solution
In a bid to promote digital transactions, the Reserve Bank increased the per transaction limit from Rs 2 lakh to Rs 5 lakh through Immediate Payment Service (IMPS). Money can be sent to any beneficiary through IMPS mobile platform by only providing his/her mobile no. and Mobile Money Identifier (MMID). IMPS managed by the National Payments Corporation of India (NPCI) is an important payment system providing 24x7 instant domestic funds transfer facility and is accessible through various channels like internet banking, mobile banking apps, bank branches, ATMs, SMS and IVRS.
A and B started a retail store with initial investments in the ratio 5:6 and their annual profits were in the ratio 2:3. If A invested the money for 6 m...
Ashu and Sunil together start a business with investment of Rs. 1800 and Rs. ‘x + 1000’, respectively. If the profit earned after 5 years is Rs. 640...
A and B invested Rs.6000 and Rs.9000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
Amit and Shikha initiated a business, with Shikha investing Rs. 6,000 more than Amit. After one year, Amit added Rs. 4,000 more to his initial investmen...
M and N invested Rs. 3200 and Rs. 4800 respectively. After 15 months, M raised his investment by 25% and N decreased his by Rs. 800. If total profit aft...
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 ...
Raj invested Rs.42000 in a business. After 4 months, Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.58000 and pr...
A and B invested Rs.5000 and Rs.8000 in a business respectively and after 3 months B withdrawn 50% of his initial investment and again after 3 months he...
A and B started a business by investing sum in the ratio 4:7 respectively for 6 and 8 months respectively. If annual profit earned by B is Rs.2100, then...
P started a business with an investment of Rs.10000, after 8 months Q joined him with Rs.15000 and after another 8 months R joined them with Rs.20000. I...
