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Reported Question / Answer
Q.) As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw upto Rs. 1,000 using their debit cards from notified shops/stores all over the country. All such shops/stores will have ‘POS’ terminals for the same. What is full form of the ‘POS’ ?
1)
Payment on Sale
2)
Power of Sale
3)
Point of Sale
4)
Payment Order Service
5)
None of these
Answer :
3
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