Consider the following statements regarding Prepaid Payment Instruments (PPI) 1. Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored on such instruments. 2. The value stored on such instruments r

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Q: 25 (Current Affairs-NOV/2016)
Consider the following statements regarding Prepaid Payment Instruments (PPI)
1. Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored on such instruments.
2. The value stored on such instruments represents the value paid for by the holder, by cash, by debit to a bank account, or by credit card.
3. The prepaid instruments can be issued as smart cards, magnetic stripe cards, internet accounts, online wallets, mobile accounts, mobile wallets, paper vouchers and any such instruments used to access the prepaid amount.
Which of the above statements are correct?

question_subject: 

Economics

stats: 

0,115,22,15,1,115,6

keywords: 

{'prepaid payment instruments': [0, 0, 0, 1], 'prepaid instruments': [0, 0, 0, 1], 'prepaid amount': [0, 0, 0, 1], 'ppi': [0, 0, 0, 1], 'debit': [0, 0, 0, 1], 'bank account': [0, 0, 1, 4], 'credit card': [0, 0, 0, 2], 'paper vouchers': [0, 0, 0, 1], 'mobile wallets': [0, 0, 0, 2], 'cash': [0, 1, 1, 3], 'smart cards': [0, 0, 0, 1], 'online wallets': [0, 0, 0, 1], 'magnetic stripe cards': [0, 0, 0, 1], 'such instruments': [0, 0, 0, 1], 'goods': [0, 1, 5, 27], 'mobile accounts': [0, 0, 0, 1], 'value': [0, 0, 1, 0], 'services': [0, 0, 7, 17]}