Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017

Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.

ATM and Its Type

1. _________ Committee recommended for setting up of ATM in India.

1).
Answer: C

2. First bank to introduce ATM in India is _________.

2). HSBC Bank introduced ATM in India on 1987.
Answer: D

3. The first company to get RBI's permission to open White Label ATMs is _________.

3). White Label ATMs are those ATMs which set up, owned and operated by non-bank entities, which have been incorporated under Companies Act 1956, and after obtaining RBI’s approval.
Answer: C

4. India's First Talking ATM launched by which Bank?

4). It was launched at Ahmadabad in Gujarat.
Answer: D

5. If the ATM has not dispensed the cash but account has been debited, the dispute regarding such transactions is to be resolved by the banks within?

5).
Answer: A

6. An ATM that moves in various areas for the customers is known as the _________ ATM.

6).
Answer: C

7. The ATM that is not present within the premises of its bank is called?

7).
Answer: D

8. _________ ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM.

8). 'Brown label' ATM are those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM.
Answer: B

9. The _________ ATM has come up as an alternative between Bank-owned ATM and White Label ATM.

9).
Answer: C

10. An ATM which provided for share transactions is known as _________ ATM.

10). Orange Label ATM – ATM Provided for Share Transactions.
Answer: D

11. An ATM which provided for E- Commerce is called as _________ ATM.

11). Yellow Label ATM – ATM provided for E-commerce.
Answer: C

12. Which of the following ATM is provided for Agricultural Transaction?

12).
Answer: E

13. An ATM which is exclusively for women is _________ ATM.

13). Pink Label ATM are monitored by guards who ensure that only women access these ATM. The sole purpose of such ATM is to mitigate the problem of women standing in long queues of ATM.
Answer: A

14. The bank which started Aadhaar based ATM in India is _________.

14).
Answer: B

15. The ATMs which uses security features like fingerprint scanner and eye scanner of the customer to access the bank details are called?

15).
Answer: C

16. The FDI limit for White Label ATM is _________.

16).
Answer: D

17. The world’s first facial recognition ATM launched by _________.

17).
Answer: A

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

18).
Answer: E

19. The world’s highest ATM is located in _________.

19). The National Bank of Pakistan launched at 15,397 feet above sea level in Khunjerab Pass on the Pakistan-China border.
Answer: B

20. Where is the highest ATM in India located?

20). On December 12, 2003, UTI Bank (Now its Axis Bank) inaugurated its ATM at Thegu, near the Nathu-la Pass in Sikkim, which is at 13,200 feet above sea level.
Answer: D