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 ATM components provides auditory feedback when a key is pressed?

 
 
 
 

2. In an RTGS environment, each bank is required to have single gateway interface called a __________

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

6. Which of the following type of risk is NOT managed by an RTGS system

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

10. What is the first step an ATM performs, after the customer has inserted their card, but before accepting further keypad instructions

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

16. 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?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

20. ATM stands for

 
 
 
 

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

 
 
 
 

22. An ATM Interchange Fee is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

30. Choose the statement that best describe an OFFLINE ATM

 
 
 
 


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