Banking Awareness Quiz – Set 56

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. ________is a type of Automated Teller Machine that is designed to be moved from location to location.
   A. On site ATM
   B. Off site ATM
   C. Mobile ATM
   D. Pink label ATM
   
   Answer & Explanation

   C. Mobile ATM
   Explanation:
   A mobile ATM is a type of Automated Teller Machine that is designed to be moved from location to location. The Mobile ATM literally bringed the ATM to the customer’s door- step System (GPS).
   
   
2. Which of the following bank launches India’s first Mobile ATM?
   A. HDFC Bank
   B. Axis Bank
   C. ICICI Bank
   D. SBI
   
   Answer & Explanation

   C. ICICI Bank
   Explanation:
   India’s largest private sector bank, ICICI launched the “ATM on Wheels” country first Mobile ATM, in Mumbai. It was connected to the bank through the GPRS technology.
   
   
3. World’s first Bitcoin ATM located in _________
   A. US
   B. Brazil
   C. Canada
   D. UK
   
   Answer & Explanation

   C. Canada
   Explanation:
   The world’s first-ever Bitcoin ATM opened in Vancouver, Canada. It enables Bitcoin owners to exchange the digital currency for cash, and vice versa. Bitcoin is a digital currency also called crypto-currency that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
   
   
4. Which of the following ATM is situated either within the branch premises or next to the Bank’s branch?
   A. On site ATM
   B. Off site ATM
   C. Mobile ATM
   D. Pink label ATM
   
   Answer & Explanation

   A. On site ATM
   Explanation:
   On site ATMs are the ATM machines that are set up in the premises where there is a bank branch so that both the physical branch and the ATM can be used.
   
   
5. Which of the following ATM is not situated within the branch premises but is located at other places?
   A. On site ATM
   B. Off site ATM
   C. Mobile ATM
   D. Work-site ATM
   
   Answer & Explanation

   B. Off site ATM
   Explanation:
   Off site ATMs are not situated within the branch premises but is located at other places. Example – Shopping Complex, Petrol Bulk etc.,
   
   
6. Which of the following ATM is located within the premises of an organisation that are primarily installed only for the employees of the organisation?
   A. On site ATM
   B. Off site ATM
   C. Mobile ATM
   D. Work-site ATM
   
   Answer & Explanation

   D. Work-site ATM
   Explanation:
   Work site ATM – It is generally meant only for the employees of the organisation.
   
   
7. Which of the following ATM is used for share transactions?
   A. Yellow label ATM
   B. Green label ATM
   C. Orange label ATM
   D. Pink label ATM
   
   Answer & Explanation

   C. Orange label ATM
   Explanation:
   Orange label ATM – These ATMs are provided for share transactions.
   
   
8. Which of the following ATM is used for e-commerce transactions?
   A. Yellow label ATM
   B. Green label ATM
   C. Orange label ATM
   D. Pink label ATM
   
   Answer & Explanation

   A. Yellow label ATM
   Explanation:
   Yellow label ATM – These ATMs are provided for e-commerce transactions.
   
   
9. Which of the following ATM involves in women banking?
   A. Yellow label ATM
   B. Green label ATM
   C. Orange label ATM
   D. Pink label ATM
   
   Answer & Explanation

   D. Pink label ATM
   Explanation:
   Pink label ATM – This kind of ATM is installed by Women’s Bank.
   
   
10. India’s first ‘talking’ ATM located in __________
    A. Ahmedabad
    B. Pune
    C. Kolkata
    D. New Delhi
    
    Answer & Explanation

    A. Ahmedabad
    Explanation:
    India’s first “talking” Automated Teller Machine (ATM) for visually impaired located in Ahmedabad. It was established by the Mumbai-based lender, the Union Bank of India.