Recently Reserve Bank of India has required banks to install new ATMs as ldquo talking ATMs rdquo wi...........

Economic Affairs Types of Banks and Banking

Recently Reserve Bank of India has required banks to install new ATMs as “talking ATMs” with Braille keypads. Consider the following regarding the same.

1) The recent move by RBI is to achieve its motive of financial inclusion.

2) This would make banking services friendlier to differently able people.

Whcih of the given above statement (s) is/ are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Both the statements are correct.

A Talking ATM is a type of automated teller machine (ATM) that provides audible instructions so that persons who cannot read an ATM screen can independently use the machine. All audible information is delivered privately through a standard headphone jack on the face of the machine or a separately attached telephone handset. Information is delivered to the customer either through pre-recorded sound files or via text-to-speech speech synthesis.