BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rating of Institution
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Vendor
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Type of card
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Number of transaction
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Detailed explanation-1: -PayPoint India has entered into a partnership with Bank of Baroda, enabling the bank to further expand its network by utilising PayPoint’s customer service points to a reach out to a larger pool of customers and achieve a bigger geographical spread.
Detailed explanation-2: -A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments.
Detailed explanation-3: -Merchant Outlet – Spending limit for point of sale (POS) at physical stores. 2. ATM Withdrawal – Cash withdrawal limit when using your credit card at an ATM.
Detailed explanation-4: -Daily cash withdrawal Rs. 1, 50, 000 from ATM. Daily POS/E-commerce transactions Up to Rs 5, 00, 000.