36. Which type of bank account is owned by two or more individuals who are not immediate family members?
a) Single account
b) Joint account
c) Nominee account
d) Non-resident account
37. What is the primary purpose of a non-resident account?
a) To hold shares and other securities in electronic form
b) To receive salary payments
c) To withdraw cash from ATMs
d) To facilitate banking for individuals who reside outside their home country
38. Which type of account is commonly used for making bill payments and other recurring expenses?
a) Savings account
b) Current account
c) Fixed deposit account
d) Money market account
39. What is the maximum limit on cash withdrawals per day from a bank branch in most banks?
a) $100
b) $200
c) $500
d) $1000
40. What is the full form of NEFT in the context of bank transactions?
a) National Electronic Funds Transfer
b) National External Financial Transaction
c) New Electronic Funds Transfer
d) New External Financial Transaction