Multiple choice

Which of the following statements is incorrect in respect of an ATM?

  1. A person can withdraw upto Rs 3000 per day from an ATM.
  2. Two or more banks can jointly establish an ATM.
  3. Through an ATM, the amount can be withdrawn at any day and at any time.

  1. 1

  2. 1 and 2

  3. 1, 2 and 3

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statement 1 is incorrect because ATM withdrawal limits have changed significantly over time and are now much higher than Rs 3000. Statements 2 and 3 are correct - banks can establish joint ATMs, and ATMs offer 24/7 service. The question asks for the INCORRECT statement.

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