40 - ATMs

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on ATMs for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. ATMs cards are issued to a person who maintains which of the following accounts with the bank ?

[A] saving bank accounts
[B] Current accounts
[C] term deposits
[D] either 1 or 2

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2. Biometric ATM cards are generally issued for which of the following?

[A] Illiterates
[B] Sick & old persons
[C] Inoperative accountholders
[D] Both 1 & 2

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3. Which of the following is the first Bank to introduce ATM ?

[B] ICICI Bank
[D] Axis Bank

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4. Which of the following banks is the first to provide Mobile ATM?

[D] Axis Bank

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5. Which of the following is also known as Bank owned ATM?

[A] White label ATM
[B] Brown label ATM
[C] Green label ATM
[D] On site ATM

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6. Which of the following is India’s first company to open with White Label ATMs ?

[A] Srei Finance Ltd
[B] Tata communication payments solutions Ltd
[C] Reliance communications Ltd
[D] Airtel Finance LTD

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7. The term ATM stands for which of the following?

[A] Automatic teller machine
[B] Automated teller mechanism
[C] Automated teller machine
[D] None of the above

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8. Which of the following committee s recommended the setting up of ATM?

[A] Rangarajan committee
[B] Shere committee
[C] Saraf committee
[D] Narasimhan committee

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9. Which of the following is related to ATMs?

[A] Branches of banks
[B] manned counters of banks
[C] Unmanned cash dispensers
[D] None of these

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10. Opening of maximum of ATMs is an example of which of the following?

[A] Indirect marketing
[B] Direct marketing
[C] Social marketing
[D] None of these

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