46. What is the maximum number of joint account holders allowed for a bank account?
a) 2
b) 3
c) 4
d) There is no limit
47. Which type of account is commonly used for making international money transfers?
a) Savings account
b) Current account
c) Fixed deposit account
d) Foreign currency account
48. What is the purpose of a non-resident external (NRO) account in India?
a) To hold share investments
b) To receive salary payments
c) To withdraw cash from ATMs
d) To manage income earned in India by non-resident individuals
49. What is the maximum tenure for a recurring deposit account in most banks?
a) 1 year
b) 2 years
c) 5 years
d) 10 years
50. What does the term “IFSC” stand for?
a) Indian Financial System Code
b) International Fund Security Code
c) Indian Fund Settlement Code
d) International Financial System Code
