Banking Awareness Quiz - ATM

Banking awareness quiz for today :-
Before taking this quiz, I recommend you to read Types of ATMs.

Q1. Inventor of ATM was:

a) Ian Luther Steward

b) David Block 

c) John Adrian Shepherd Barron (A Britisher)

d) None of These

Q2. Inventor John Shepherd Barron installed the worlds's first automatic cash dispenser at a ______near London:

a) London Bank Branch

b) Barclays Bank Branch

c) Royal Grand Federal Bank Branch

d) None of These

Q3. ATM machine was invented in the year _____:
a) 1967

d) None of These

Q4. The Machine was called as:

a) De La Rue Automatic Cash System

c) Both of Above

d) None of These

Q5. _____was the first bank to Introduce the ATM concept in India:

c) Standard Chartered Bank

d) None of These

Q6. HSBC introduced the ATM concept in India in:

d) None of These

Q7. World's Highest ATM is located at:

d) None of These

On 12 December, 2003 UTI Bank inaugurated its ATM at Thegu, Near the Nathu - La pass in Sikkin. The Height of ATM is near about 13,200 Feet above the sea level. The ATM is opened there for the convenience of Indian Army Personnel of that area.

Q8. ATM stands for:

a) Automated Teller Machine

b) Automatic Telling Machine

c) Automatic Taking Machine

d) None of These

Q9. White Label ATM means:

a) The ATM that does not have any bank logo.

b) The ATM carries logo of RBI

c) Both of Above

d) None of These

Q10. Which among the following is correct about the "White Label ATM":

a) Any non bank entity with a minimum net worth of Rs. 100 crore can apply for white label ATMs. (Not Just NBFCs, any non bank entity can apply)

b) White Label ATM does not carry any bank's logo.

c) RBI has given license/permission to non - bank entities to open White Label ATMs.

d) Sponsor Bank provides the cash.

e) None of These

f) All of the Above

Q11. The first company to get RBI's permission to open White Label ATMs is:

a) Tata Communications Payment Solutions Limited (TCPSL)

b) Muthoot Finance

c) Prizm Payments

e) None of These

Q12. TCPSL started their White Label ATMs chain under brand name______:

a) Easecash 

b) Indicash

c) T - Cash

d) None of These

Q13. Which among the following is correct about Brown Label ATMs:

a) These ATMs are owned and maintained by service provider.

b) Bank whose Brand name is used on ATM takes care of cash management and network connectivity.

c) Both of Above

d) None of These

Q14. Which among the following definitions are correct:

a) Online ATMS - These ATMs are connected to the bank's database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank. 

b) Offline ATMs - These ATMs are not connected to bank's database hence they have a predefined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account.

c) Both of the Above

d) None of These

Q15. Which among the following definitions of ATMs are incorrect:

a) Onsite ATM - The ATMs installed within a branch premises.

b) Stand Alone ATM - The ATMs are not connected with any ATM network hence their transactions are restricted to the ATM's branch and link branches only.

c) Both of Above

d) None of These

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