BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following committee s recommended the setting up of ATM?
A
Rangarajan committee
B
Shere committee
C
Saraf committee
D
Narasimhan committee
Explanation: 

Detailed explanation-1: -C Rangarajan Committee was recommended the establishment of ATMs.

Detailed explanation-2: -Detailed Solution. Reserve Bank of India (RBI) had set up a task force under Deputy Governor SS Mundra to oversee the recalibration of ATM machines after the government introduced new Rs 500 and Rs 2, 000 notes.

Detailed explanation-3: -Rangarajan Report on Poverty. The Expert Group under the Chairmanship of Dr. C. Rangarajan to Review the Methodology for Measurement of Poverty in the country constituted by the Planning Commission in June 2012 has submitted its report on 30th June 2014.

Detailed explanation-4: -The Rangarajan Committee: It was constituted by the government in 1993 for making recommendations in context with the disinvestment.

Detailed explanation-5: -ATM full form is Automated Teller Machine which is a self-service banking outlet. You can withdraw money, check your balance, or even transfer funds.

There is 1 question to complete.