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Lalit Kumar
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Decks in this class (27)
BARTER SYSTEM & ITS DISADVANTAGES :
What is the barter system,
What is meant by double coinciden...,
Explain how storage issues create...
4
cards
Functions of Money
List the three primary functions ...,
How does money solve the problem ...,
Explain the concept of store of v...
17
cards
General Evolution of Money
Describe the concept of commodity...,
What distinguishes metallic money...,
Explain the key difference betwee...
89
cards
DEMONETIZATION OF FIAT MONEY
What is demonetization,
Has demonetization occurred in in...,
What were the primary aims of ind...
6
cards
₹2000 WITHDRAWN BUT CONTINUED AS LEGAL TENDER
Why did the rbi introduce the rs ...,
When did the printing of rs 2 000...,
What options did the rbi provide ...
14
cards
BANK MONEY / DEPOSIT MONEY
What is the primary purpose of a ...,
Name the three parties involved i...,
Explain the difference between a ...
45
cards
NPCI → UPI (UNIFIED PAYMENT INTERFACE)
What does npci stand for and what...,
Describe the key features that up...,
Describe the key features that up...
10
cards
NPCI → UPI → 123PAY FOR FEATURE PHONES
What is upi 123pay,
Why was upi 123pay created,
List the different ways to make u...
28
cards
NPCI → RUPAY CARD PAYMENT GATEWAY (2012)
What is rupay and when was it lau...,
How does rupay compare to other m...,
List the different ways rupay car...
21
cards
PRE-SANCTIONED CREDIT LINE
What is a pre sanctioned credit line,
Explain the key advantage of a pr...,
How does a borrower access funds ...
21
cards
DBT → E-RUPI BY NPCI (2021)
What is e rupi,
What government entities are invo...,
Give three examples of how e rupi...
13
cards
QR CODES: COMPULSORY TO IMPLEMENT UPI/BHARAT QR FROM 2022
What is a qr code and when was it...,
Name the three types of qr codes ...,
Describe the key difference betwe...
26
cards
CREDIT & DEBIT CARDS (ALSO CALLED ‘PLASTIC MONEY’)
What is a credit card,
What is a debit card,
What is an overdraft
33
cards
MDR: FULL FORM: MERCHANT DISCOUNT RATE
What is a merchant discount rate mdr,
Who shares the mdr fee,
How can mdr impact merchants
13
cards
INTERCHANGE FEE BY NPCI (2023-MARCH)
What is an interchange fee in gen...,
What is upi and why is it signifi...,
Describe the recent change npci m...
11
cards
MEASURES TO PROMOTE CASHLESS ECONOMY
What was the name of the committe...,
How has the union budget helped t...,
What does pidf stand for
5
cards
GLOBAL MONEY TRANSFER
What is a local currency settleme...,
What are the benefits of an lcss,
What are india and the uae s mobi...
21
cards
PAYMENT SYSTEM OPERATORS?
What does pso stand for,
What is the primary function of a...,
What indian organization licenses...
18
cards
DIGITAL PAYMENT REGULATORY BODIES
What are dmrbs and what is their ...,
Who are digital transactions ombu...,
What powers do dtos hold in resol...
7
cards
DIGITAL PAYMENT RELATED INDEX / COMPETITIONS/REPORTS BY RBI
What is the rbi digital payments ...,
Why did the rbi create the financ...,
What is the purpose of the rbi s ...
5
cards
CRYPTO-CURRENCY & BLOCKCHAIN TECHNOLOGY
What is cryptocurrency,
Describe the key characteristics ...,
How does blockchain support crypt...
32
cards
CRYPTOCURRENCY BANNED IN OTHER NATIONS?
Which nations have outright bans ...,
What is the legal status of crypt...,
Describe the impact of china s cr...
18
cards
CRYPTOCURRENCY → GLOBAL REGULATIONS
What is the mica regulation,
What are the primary goals of the...,
Does the mica regulation apply to...
9
cards
CRYPTOCURRENCY → STABLE-COINS
What is a stablecoin,
Name at least three examples of s...,
Why are stablecoins designed to b...
9
cards
WORLD COIN PROJECT (2021–22)
What is the world coin project,
What are some potential uses for ...,
Describe one major pro of the wor...
7
cards
CENTRAL BANK DIGITAL CURRENCY (CBDC)
What is a central bank digital cu...,
How does a cbdc differ from crypt...,
What are some potential benefits ...
29
cards
NON-FUNGIBLE TOKEN (NFT)
What is fungibility,
Provide three examples of fungibl...,
Provide two examples of non fungi...
17
cards
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Economy Pillar #1-A1) Money: Barter to Bitcoin
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