question_answer

Direction: Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.

As the name signifies there is no cash payment involved. With the increasing use of credit cards, debit cards and ATM cards, the society is moving towards cashless transactions. Banks run the credit risk on the holders as and when the credit cards are issued whereas debit cards are free of such risk on banks because the risk is limited to available balance in the holder's account.  In India, however, the use of credit cards is restricted mostly to personal transactions.  Credit cards are available at a certain charge and overdue rate of interest varies from 18 per cent to 36 per cent per annum whereas the debit cards are issued free to user bank's customer or holder. (F) Credit and debit cards' popularly also known as plastic money, are used to make payments for purchase of goods and services by the holder from the member establishments.

Which of the following would be the THIRD sentence after rearrangement?

A)  F     

B)  C          

C)  E                                

D)  D         

E)  B