Question

    The concept “White Label ATMs” are meant for _______.

    A Banks Correct Answer Incorrect Answer
    B Non Banking Entities Correct Answer Incorrect Answer
    C NBFC’s Correct Answer Incorrect Answer
    D SHG Correct Answer Incorrect Answer
    E RBI Correct Answer Incorrect Answer

    Solution

    White Label ATM means the machines established, owned, and operated by non-bank entities. They are almost like bank ATMs. Even more facilities and services are provided in them like mobile recharge and bill payment. 

    Practice Next