New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Government has decided to subsidize the burden of

    Merchant Discount Rate (MDR) for transactions below
    A 500 rupees Correct Answer Incorrect Answer
    B 1000 rupees Correct Answer Incorrect Answer
    C 2000 rupees Correct Answer Incorrect Answer
    D 4000 rupees Correct Answer Incorrect Answer
    E 5000 rupees Correct Answer Incorrect Answer

    Solution

    This will come into effect from 1st January 2018 and will remain in force for two years. It is applicable for applicable on all debit card, BHIM, UPI, AePS transactions

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