Question
Which of the following regarding Merchant Discount Rate
(MDR) is NOT true?Solution
The ceiling is fixed by RBI. It is applicable to debit card, credit card, BHIM, UPI, AePS transactions. As per RBI norm, the merchant can't pass on this burden to consumer. Since it reduces the profit margin of merchants, they (especially small merchants) prefer cash payment
Consider the following statements regarding Reserve Bank of India's bi-monthly Inflation Expectations Survey of Households (IESH) -
I.The Reserve...
India has successfully developed its first indigenously two seater flying trainer aircraft which is being developed by which of these?
Which types of products are included in the NCEL–APEDA MoU for smoother compliance and export support?
Which campaign, celebrated "Jal Diwali," aimed to include women in water governance under the Atal Mission for Rejuvenation and Urban Transformation (AM...
Where was the first “Niveshak Shivir” jointly conducted by SEBI and IEPFA to assist investors with unclaimed dividends and shares?
Which city has the highest number of companies in the 2025 GROHE-HURUN India Real Estate 150 list?
The government has announced a portal called ______ for unified recruitment at central universities so as to ease the process of recruitment in all cent...
Moatsu festival of Nagaland is celebrated by which of the following tribes?
- Where was the Shastri Bilateral Education Forum (SBEF) 2025 held?
Which record did India set on The World Kabaddi Day?
