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Receipts and Payments Account

Which of the ...

Question

Which of the following is known as Plastic money?
A. Demand Draft
B. Credit Card
C. Debit Card

A

Only (A)

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B

Only (B)

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C

Only (C)

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D

Both (B) and (C)

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Solution

The correct option is D Both (B) and (C)
Plastic money is a term that is used predominantly in reference to the hard plastic cards we use every day in place of actual bank notes.
There are different types of plastic money, some of which are Credit Cards, Charged Cards, Premium Cards, Smart Cards, Debit Cards, ATM Cards etc.

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Q. The popular name for debit and credit card is known as .

Q. A debit and credit note will always have the amount which is mentioned in words only.

Q. Rearrange the sentences (A), (B), (C), (D), (E), (F) and (G) in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
(A) If the balance is insufficient to cover the debit, the difference becomes payable immediately or else a service fee is levied.
(B) Debit cards are the same as credit cards.
(C) Quite obviously, a debit card may not be the appropriate card for those who would like to have a credit.
(D) If the amount payable is overdue for a long period, the card may be cancelled.
(E) As the transactions in the debit card are debited to the account instantaneously, they are relatively less risky to banks than credit card.
(F) The only difference in this card is that the amount of dues from the cardholder for each and every transaction is debited to cash holder’s account as soon as each transaction is notified to the issuer.
(G) This has, however, an advantage in the sense that it replaces the requirement of carrying cash or cheque book, when the transactions are being carried out.

Which of the following would be the SECOND sentence after rearrangement?

Q. Rearrange the sentences (A), (B), (C), (D), (E), (F) and (G) in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
(A) If the balance is insufficient to cover the debit, the difference becomes payable immediately or else a service fee is levied.
(B) Debit cards are the same as credit cards.
(C) Quite obviously, a debit card may not be the appropriate card for those who would like to have a credit.
(D) If the amount payable is overdue for a long period, the card may be cancelled.
(E) As the transactions in the debit card are debited to the account instantaneously, they are relatively less risky to banks than credit card.
(F) The only difference in this card is that the amount of dues from the cardholder for each and every transaction is debited to cash holder’s account as soon as each transaction is notified to the issuer.
(G) This has, however, an advantage in the sense that it replaces the requirement of carrying cash or cheque book, when the transactions are being carried out.

Which of the following would be the FOURTH sentence after rearrangement?

Q. Rearrange the sentences (A), (B), (C), (D), (E), (F) and (G) in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
(A) If the balance is insufficient to cover the debit, the difference becomes payable immediately or else a service fee is levied.
(B) Debit cards are the same as credit cards.
(C) Quite obviously, a debit card may not be the appropriate card for those who would like to have a credit.
(D) If the amount payable is overdue for a long period, the card may be cancelled.
(E) As the transactions in the debit card are debited to the account instantaneously, they are relatively less risky to banks than credit card.
(F) The only difference in this card is that the amount of dues from the cardholder for each and every transaction is debited to cash holder’s account as soon as each transaction is notified to the issuer.
(G) This has, however, an advantage in the sense that it replaces the requirement of carrying cash or cheque book, when the transactions are being carried out.

Which of the following would be the LAST (SEVENTH) sentence after rearrangement?

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