New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    ATMs that are set up, owned, and operated by non-banks

    are known as _______.
    A Black Label ATMs Correct Answer Incorrect Answer
    B White Label ATMs Correct Answer Incorrect Answer
    C Purple Label ATMs Correct Answer Incorrect Answer
    D Brown Label ATMs Correct Answer Incorrect Answer

    Solution

    White Label ATMs are those operated by non-bank entities. These ATMs provide banking services to customers from multiple banks, under the authorization and regulatory oversight of the Reserve Bank of India, enhancing financial accessibility.

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