BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Foreign currency only
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Indian Currency only
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Country’s currency where the educational Institute operate
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In any currency
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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: -Bank of Baroda provides a facility, to receive payment online from any debit/credit card, UPI (VPA & QR code), wallet, net banking (through aggregator) of more than 34+ banks, called ‘Baroda e-Gateway’ (Internet Payment Gateway), which is a safe, secure, and trusted payment solution for e-Commerce/online business.
Detailed explanation-3: -A merchant account is a type of business bank account that allows a business to accept and process electronic payment card transactions. Merchant accounts require a business to partner with a merchant acquiring bank who facilitates all communications in an electronic payment transaction.