ATM General Knowledge Quiz

An automated teller machines (ATM)’s are electronic banking outlets that allow customers to complete basic transactions without the aid of a branch representative or teller. … Fees are commonly charged for cash withdrawals by the bank where the account is located, by the operator of the ATM, or by both. Or are they? Answer these 35 Questions to see how much you really know about ATM’s and what goes into making them work
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1. Which of the following type of risk is NOT managed by an RTGS system

 
 
 
 

2. Which of the following authentication method is used in ATMs?

 
 
 
 

3. Which of the following ATM components provides auditory feedback when a key is pressed?

 
 
 
 

4. What is the medium through which an ATM connects to the host processor?

 
 
 
 

5. An ATM Interchange Fee is

 
 
 
 

6. ATM stands for

 
 
 
 

7. In what way is a host processor and an Internet service provider (ISP) similar?

 
 
 
 

8. Which parts of the ATM do customers usually interact with in the course of transaction

 
 
 
 

9. An ATM is typically made up of which of the following devices?

 
 
 
 

10. When you perform a Financial Transaction at an ATM, how is the money moved?

 
 
 
 

11. ATMs cards are most commonly issued to customers who maintain which type of accounts with the bank

 
 
 
 

12. What is the function of a PIN Pad on the ATM machine

 
 
 
 

13. An ATM is a Card acceptance device. True or False

 
 
 
 

14. What is name of the ISO standard most commonly used by ATM’s to send and receive instructions?

 
 
 
 

15. By installing fake Card slots, or even extra attachments (called “skimmers”) on top of the existing Card slot, scammers can read the information on cards’ magnetic strips. Why?

 
 
 
 

16. An RTGS (‘Real Time Gross Settlement’) system refers to payments in which…

 
 
 
 

17. What does “Real-Time” refer to when used in an RTGS context?

 
 
 
 

18. Choose the statement that best describe an OFFLINE ATM

 
 
 
 

19. Where are those parts of the ATM that require restricted access kept?

 
 
 
 

20. An ATM’s cash dispenser has an electronic eye and sensor. The eye counts the banknotes. What does the sensor do?

 
 
 
 

21. Which among the following decriptions of On-site and Off-Site ATMs is/are INCORRECT?

 
 
 
 

22. In a typical ‘ATM’ day which of the following message exchanges would one expect to see? (Select all that apply)

 
 
 
 

23. Which of the following facility is ONLY available only at a White Label ATM?

 
 
 
 

24. The confidential individual number or code used by a Cardholder to authenticate Card ownership for ATM or POS terminal transactions is called a

 
 
 
 

25. Choose the statement(s) that best describe an ONLINE ATM

 
 
 
 

26. What does the term ATM Interchange Fee refer to?

 
 
 
 

27. Until the ATM receives an approval code, what can’t it do?

 
 
 
 

28. The term ‘White Label’, when applied to ATM’s refers to

 
 
 
 

29. Why does an ATM record the number of rejected bills?

 
 
 
 

30. How does the Card reader receive information from the ATM card?

 
 
 
 


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