Which of the following statement(s) is/are correct about the Merchant Discount Rate (MDR) which was in news recently? 1. It is a bill of exchange issued by a commercial organization to raise money for short-term needs. 2. It is also referred to as the ‘Transaction Discount Rate’ or TDR. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statement(s) is/are correct about the Merchant Discount Rate (MDR) which was in news recently? 1. It is a bill of exchange issued by a commercial organization to raise money for short-term needs. 2. It is also referred to as the ‘Transaction Discount Ra...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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