Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs-3

1. Who invented the first operational ATM ?
(a) John Canner
(b) John Smith
(c) John Shepherd-Barron
(d) John Carter


2. ATM Stands for ?

(a) Automated Teller Machine
(b) Automatic Teller Machine
(c) Automated Teller Memory
(d) Any Time Money 

3. On 27th June 1967, which bank installed the first ATM in North London ?
(a) Citi Bank
(b) Bank of London
(c) SCB
(d) Barclays Bank

4. Which is the first bank to introduce ATM in India in the year 1987 ?
(a) SBI
(b) Bank of Baroda
(c) HSBC
(d) NABARD

5. The other name of ATM using by many banking agencies in the world is ?
(a) Automated Banking Machine
(b) Cash Point
(c) Cash Pick
(d) All of the above

6. PIN means ?
(a) Personal Identification Number
(b) Personal Identification Numeral
(c) Professional Identification Number
(d) Pure Identification Number

7. Usually, every ATM card will have CVV number. What is meant by CVV ?
(a) Card Verification Value
(b) Certificate Value Voice
(c) Circular Verification Value
(d) Core Verification Value

8. Diebold is a famous ATM manufacturing company. This company is located in ?
(a) UK
(b) Japan
(c) Australia
(d) USA

9. Which Indian Bank has largest number of ATMs in India ?
(a) ICICI
(b) Bank of Baroda
(c) SBI
(d) BOB

10. If the ATM hardware as well as lease is under the ownership of the service provider, while connectivity and cash handling and management is the responsibility of the sponsor bank, that ATM is called ?
(a) Orange ATM
(b) Black ATM
(c) Blue ATM
(d) Brown ATM

11. What is the required minimum worth of any NBFC (Non Banking Financial Company) should have to set up White Label ATMs ?
(a) 50 Crores
(b) 75 Crores
(c) 100 Crores
(d) 1000 Crores

12. State Bank of India ties up with Banco Bibao Vizcaya Argentaria, S.A (BBVA) to develop business operations. Banco Bibao Vizcaya Argentaria head office is located in ?
(a) Sweden
(b) Malaysia
(c) Argentina 
(d) Spain
India

13. First Indian IMGC has set up by NGH (National Housing Bank), IFC (International Finance Corporation), US based Gen worth and ADB (Asian Development Bank). IMGC stands for ?
(a) Indian Mortgage Guarantee Company
(b) Indian Money Guarantee Company
(c) Indian Maturity Guarantee Corporation
(d) International Money Guarantee Company

14. Which International Monetary Organization funded North East Rural Livelihood Project (NERLP) in the four states of Mizoram, Nagaland, Sikkim and Tripura ?
(a) IMF
(b) ODA
(c) World Bank
(d) USAID

15. Which Indian Banking Group has attained more than 51,000 ATMs by 31st March 2014 ?
(a) Indian Bank
(b) Union Bank of India
(c) SBI (including it's associates)
(d) ICICI

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