3) Consider the following statements with respect to the Merchant Discount Rate
It is a fee that businesses, including merchants, must pay to payment processing companies for facilitating transactions.
It is done through digital payment methods such as credit cards, debit cards, and Unified Payments Interface (UPI).
Which of the following statements is/are correct?
a.
b.
c.
d.
Answer : c
Merchant Discount Rate
The Merchant Discount Rate (MDR) is a fee that businesses, including merchants, must pay to payment processing companies for facilitating transactions.
It is done through digital payment methods such as credit cards, debit cards, and Unified Payments Interface (UPI).
4) Statins, sometimes seen in the news recently, is associated with?
a.
b.
c.
d.
Answer : a
Statins
Statins are a class of medications designed to lower cholesterol levels by inhibiting a specific enzyme in the liver responsible for cholesterol production.
These drugs are commonly prescribed to help mitigate the risk of cardiovascular diseases, including heart attacks and strokes, which can arise from elevated cholesterol levels in the bloodstream.