ATM Types — Set 5
Banking · ATM के प्रकार · Questions 41–50 of 50
Which color ATM label is used for agricultural purposes?
Correct Answer: A. Green Label
Green Label ATMs are dedicated to facilitating financial transactions for farmers. They help in disbursement of agricultural loans and other rural schemes. These are part of specialized ATM categories in India.
White Label ATMs are owned and operated by?
Correct Answer: A. Non-Bank entities
White Label ATMs are owned and operated by non-banking entities. They do not carry the logo of any specific bank. They were introduced to increase ATM penetration in rural and semi-urban areas.
Brown Label ATMs are those where the hardware is owned by a service provider, but the cash and branding are provided by?
Correct Answer: C. A Bank
In Brown Label ATMs, the service provider owns the hardware and site, but the bank provides cash and uses its logo. It is a cost-effective way for banks to expand their network. The customer perceives it as a bank-owned ATM.
An ATM located within the bank's premises is called?
Correct Answer: D. On-site ATM
An on-site ATM is located inside or attached to a bank branch. It is convenient for customers visiting the branch for other work. It is usually maintained by the branch itself.
Orange Label ATMs are used for which specific activity?
Correct Answer: C. Share transactions
Orange Label ATMs are specifically dedicated to share trading and related financial transactions. They provide a specialized interface for investors. This distinguishes them from regular cash-dispensing machines.
What is the primary function of a Yellow Label ATM?
Correct Answer: A. E-commerce transactions
Yellow Label ATMs are designed to facilitate e-commerce and online shopping transactions. They allow users to interact with online merchant platforms. They represent a niche in the ATM service industry.
Pink Label ATMs are primarily intended for use by?
Correct Answer: B. Women
Pink Label ATMs are established to provide safe and convenient banking access specifically for women. They are often placed in high-visibility or secure areas. This is a step toward inclusive and safe digital banking.
The first ATM in India was installed by which bank in 1987?
Correct Answer: A. HSBC
HSBC installed the first ATM in India in Mumbai in 1987. This introduced automated cash withdrawal to the Indian public. It paved the way for the massive digital banking network seen today.
Who regulates and grants licenses for White Label ATMs in India?
Correct Answer: B. Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) is the authority that issues licenses to non-bank entities for WLA operations. It sets the safety and capital requirements for these operators. RBI ensures the integrity of the ATM network.
Which ATM type is owned by a non-bank, but the brand of the sponsor bank is displayed?
Correct Answer: D. Brown Label ATM
A Brown Label ATM is owned by a third party, but it carries the branding and logo of a sponsor bank. The bank provides the cash management and connectivity. This is a popular outsourcing model in Indian banking.