Current Affairs Question - 02 January 2020
National Banking & Finance
Merchant Discount Rate
With reference to the Merchant Discount Rate (MDR), consider the following statements:
- MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.
- MDR compensates the card issuing bank, the lender which puts the PoS terminal and payment gateways such as Mastercard or Visa for their services.
- MDR charges are usually shared in pre-agreed proportion between the bank and a merchant and is expressed in percentage of transaction amount.
Choose the correct answer from the codes given below:
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
1, 2 and 3
|
|
National Physical Geography
Ghataprabha River
Consider the following statements with reference to the Ghataprabha River:
- Flowing through the states of Maharashtra, Andhra and Karnataka, Ghataprabha (river is an important tributary of the Godavari River.
- Hiranyakeshi and Markandeya River are tributaries of Ghataprabha.
Choose the correct answer from the codes given below:
| A |
Only 1
|
|
| B |
1 and 2
|
|
| C |
Only 2
|
|
| D |
Both 1 and 2
|
|
