THE GOVT. OF INDIA AND RESERVE BANK OF INDIA IS PLANNING TO SET UP...

25. The Govt. of India and Reserve Bank of India is planning to set up an autonomous “ATMcorporation of India” in which various banks can get together for common ATM operations. If thishappens how will we all be benefited by the same?(1) It will be a cost effective measure as each bank can share its operational cost with others.(2) Clients can withdrawn money from any ATM from any location. They are not required to goto their banks’ ATM only.(3) It will indirectly help the IT business also as India has a large pool of IT skilled manpowerwaiting for suitable placement.(A) Only 1(B) Only 2(C) Both 1 & 2(D) All 1,2 & 3(E) None of theseANS (C)