insurence exam UIIC AO Generalist Mock Test 2024 Current Affairs Business and Economy Economic and Financial Affairs
Which of the following statements about the RBI’s extension for the ATM cassette swap mechanism is/are correct?
1. The Reserve Bank of India (RBI) extended the implementation deadline for the cassette swap mechanism in ATMs to March 31, 2025.
2. Cash Recycler Machines (CRMs) are exempt from the cassette swap requirement for money replenishment.
3. Each ATM will require 3 sets of cassettes, with the cost of each cassette ranging from ₹10,000 to ₹15,000.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
Only 1
5
All of the above