{"id":1168,"date":"2024-03-05T15:12:27","date_gmt":"2024-03-05T15:12:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=1168"},"modified":"2024-03-05T15:12:27","modified_gmt":"2024-03-05T15:12:27","slug":"which-one-of-the-following-is-not-a-pre-paid-payment-instrument","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-a-pre-paid-payment-instrument\/","title":{"rendered":"Which one of the following is not a Pre Paid Payment instrument?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Delhi Metro Rail Card&#8221; option2=&#8221;Electronic Wallet&#8221; option3=&#8221;Credit Card of a Nationalised Bank&#8221; option4=&#8221;Airtel Money&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is (c). A credit card is a type of payment card that allows the cardholder to borrow funds from a credit card issuer to pay for goods and services. The cardholder is obligated to repay the borrowed funds, plus interest, to the credit card issuer. A prepaid payment instrument, on the other hand, is a payment instrument that is loaded with a certain amount of money that can be used to make purchases. The funds on a prepaid payment instrument cannot be borrowed, and the cardholder is not obligated to repay the funds to the issuer.<\/p>\n<p>(a) A Delhi Metro Rail Card is a prepaid payment instrument that can be used to make payments on the Delhi Metro. The card can be loaded with a certain amount of money, and the funds can be used to make purchases at any Delhi Metro station.<\/p>\n<p>(b) An electronic wallet is a type of prepaid payment instrument that can be used to make online and in-store purchases. The wallet is loaded with a certain amount of money, and the funds can be used to make purchases at any merchant that accepts electronic payments.<\/p>\n<p>(d) Airtel Money is a mobile money service that allows users to send and receive money, make payments, and purchase goods and services using their mobile phones. Airtel Money is a prepaid payment instrument, as users must load their accounts with a certain amount of money before they can use the service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Delhi Metro Rail Card&#8221; option2=&#8221;Electronic Wallet&#8221; option3=&#8221;Credit Card of a Nationalised Bank&#8221; option4=&#8221;Airtel Money&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[233],"tags":[],"class_list":["post-1168","post","type-post","status-publish","format-standard","hentry","category-payments","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which one of the following is not a Pre Paid Payment instrument?<\/title>\n<meta name=\"description\" content=\"(a) A Delhi Metro Rail Card is a prepaid payment instrument that can be used to make payments on the Delhi Metro. 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The card can be loaded with a certain amount of money, and the funds can be used to make purchases at any Delhi Metro station.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-a-pre-paid-payment-instrument\/","og_locale":"en_US","og_type":"article","og_title":"Which one of the following is not a Pre Paid Payment instrument?","og_description":"(a) A Delhi Metro Rail Card is a prepaid payment instrument that can be used to make payments on the Delhi Metro. The card can be loaded with a certain amount of money, and the funds can be used to make purchases at any Delhi Metro station.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-a-pre-paid-payment-instrument\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T15:12:27+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-a-pre-paid-payment-instrument\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-a-pre-paid-payment-instrument\/","name":"Which one of the following is not a Pre Paid Payment instrument?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T15:12:27+00:00","dateModified":"2024-03-05T15:12:27+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"(a) A Delhi Metro Rail Card is a prepaid payment instrument that can be used to make payments on the Delhi Metro. 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