Which of the following is correct regarding Brown ATM (Automated Teller Machine)?

Question

Question

This question was previously asked in

Bihar STET TGT (Social Science) Official Paper-I (Held On: 18 Sept, 2023 Shift 6)

ATMs owned by foreign companies
ATMs are not owned by banks but by private ATM service providers.
ATM service outsourced by banks Designated ATMs under a brand sponsor bank but the ATM machine is not owned by the bank
Government owned ATM

Answer 1

The correct answer is ATM service outsourced by banks Designated ATMs under a brand sponsor bank but the ATM machine is not owned by the bank

ATM stands for Automated Teller Machine. John Adrian Shepherd-Barron was the inventor of the ATM.
First ATM was established in Mumbai by HSBC Bank in 1987.
Headquarters of HSBC Bank is in London, U.K. Noel Quinn is the present CEO of the bank. (April 2020)
ICICI was the first Indian bank to provide mobile ATM in India.
Central Bank of India has issued the first credit card in India.