Class 12 English Chapter 6 Exercise & Grammar | Money and Economy QR Code

Unit: 6 Money and Economy QR Code Notes

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Class 12 English Chapter 6 Summary & Notes | QR Code Exercise | Money and Economy

Here, we explore how QR code-based payment systems are becoming an increasingly common payment method in today’s economy. It promotes how QR Codes enable smooth and secure digital transactions, which make payments convenient, safe and quick.

The chapter has full forms of critical abbreviations used with Digital Payments i.e, QR (Quick Response), ISO, IEC, EMVCo, PIN bringing clarity to the technical aspects.

Through combination comprehension exercises — by all appearances QR codes work like payments, scanning a code and confirming transactions through mobile banking apps. The article also provides the background on how companies such as Tencent, Alibaba, Visa and Mastercard encouraged the adoption of QR code payments and the responsibility of scheme operators to monitor and secure the ecosystem.

Security is clearly a focus, citing the prominence of merchant IDs, registration, and real-time payment advice to ensure consumers aren’t defrauded. The chapter advises caution, particularly to buyers, to confirm that merchant information is correct before payment.

The discussion sections critically discuss the challenges and opportunities for implementation of QR code payments in Nepal. Concerns regarding infrastructure, literacy and digital awareness are expressed. The chapter suggests that if given the right education and technology, cashless payment systems can grow, even in developing countries.

The writing section has a news on ‘Digital Payments on Boom in Nepal’ acknowledging the role for Nepal Rastra Bank and digital payment service providers. It makes a point about the advantages for financial services of going digital and how it reduces corruption, cuts costs and fuels economic progress.

With these grammar exercises (yes-no questions, questions with question words, choice questions, question tags, indirect questions), students improve their language skills in relation to the topic of the chapter.

Relevant Terms for this article: Class 12 English summary, Money and Economy, QR Code Exercise, grammar, comprehension, vocabulary, digital payment, QR code payments, Nepal digital economy, cashless payment, exercise answers, language skills.