41. What is the maximum age requirement to open a senior citizen savings account in most banks?
a) 55 years
b) 60 years
c) 65 years
d) 70 years
42. Which type of account is commonly used for receiving interest and dividend payments?
a) Savings account
b) Current account
c) Fixed deposit account
d) Depository account
43. What is the primary purpose of a money market account?
a) To earn interest on idle funds
b) To receive salary payments
c) To provide liquidity for short-term savings
d) To transfer funds between accounts
44. What is the maximum limit on fund transfers per day through NEFT in most banks?
a) $10,000
b) $50,000
c) $100,000
d) $1,000,000
45. What is the purpose of a Basic Savings Bank Deposit (BSBD) account?
a) To earn a higher interest rate on savings
b) To have a zero minimum balance requirement
c) To provide additional banking services like loans and credit cards
d) To transfer funds between accounts