ATM Types — Set 1
Banking · ATM के प्रकार · Questions 1–10 of 50
Which type of ATM is owned and operated by non-bank entities but carries the logo of the sponsoring bank?
Correct Answer: B. Brown Label ATM
Brown Label ATMs are owned by a third party but the cash management and network connectivity are provided by a sponsor bank. The bank's brand is displayed on the machine to build customer trust. This model helps banks expand their reach without significant capital expenditure.
What is the primary purpose of a 'Green Label ATM'?
Correct Answer: C. Agricultural transactions
Green Label ATMs are specifically designed to facilitate banking and financial transactions related to agriculture. They help in providing better banking access to the farming community in rural areas. These are part of the specialized categories of ATMs used in India.
Which color label is used for ATMs specifically meant for share trading and related transactions?
Correct Answer: C. Orange Label
Orange Label ATMs are dedicated to providing services related to the buying and selling of shares. They are specialized machines intended to cater to investors in the capital market. Such categorization helps in identifying the specific functional utility of the terminal.
Which organization in India provides the license for operating White Label ATMs?
Correct Answer: C. RBI
The Reserve Bank of India is the regulatory authority that grants permission to non-bank entities to set up White Label ATMs. These entities must comply with specific net worth and operational guidelines set by the central bank. This oversight ensures the security and stability of the digital payment infrastructure.
ATMs that are located within the premises of a bank branch are technically called?
Correct Answer: B. On-site ATMs
On-site ATMs are situated inside or right next to a physical bank branch building. They are directly maintained by the branch staff and are convenient for bank customers visiting the branch. This is the most traditional deployment of automated teller machines.
What is the primary target group for 'Pink Label ATMs'?
Correct Answer: B. Women
Pink Label ATMs are specifically established to ensure safety and convenience for women users. They are often monitored more closely or located in areas with high female footfall. The concept aims to enhance financial inclusion and security for women.
Which type of ATM is primarily used for e-commerce transactions and online shopping?
Correct Answer: D. Yellow Label ATM
Yellow Label ATMs are set up to facilitate e-commerce activities and online purchases. They provide a physical interface for various web-based financial interactions. Such specialized ATMs reflect the growing digital economy in the country.
An ATM that is established at a location like an airport or railway station, away from a bank branch, is known as?
Correct Answer: D. Off-site ATM
Off-site ATMs are installed in public places where a bank does not have a physical branch office. They are designed to provide 24/7 banking access to people in high-traffic areas. This increases the bank's accessibility and customer service points.
What does the 'White' in White Label ATM signify?
Correct Answer: B. The machine does not display a specific bank's brand
White Label ATMs are owned and operated by non-banking companies and do not carry the logo of any specific bank. Instead, they display the brand of the operator who owns the machine. These are crucial for increasing ATM density in semi-urban and rural areas.
Who was the first non-bank entity to launch a White Label ATM in India?
Correct Answer: D. Tata Communications Payment Solutions
Tata Communications Payment Solutions Limited launched the first White Label ATM under the brand name 'Indicash'. This occurred in June 2013 following the new policy guidelines from the RBI. This marked a significant shift in the banking landscape by allowing non-banks to enter the space.