Joint accounts of A, B and C in the same order are treated as:
AOne capacity
BOne currency
COne category
DOne custody
Answer & Solution
Correct answer: A. One capacity
1. The order in which the names appear is what matters.
2. Where the order repeats, the accounts are not distinct.
3. They are all held in the same capacity and right.
_Source: DICGC, Guide to Deposit Insurance_
Keep practising Deposit Insurance
Browse all Deposit Insurance questions for IBPS Clerk, or explore more Banking Awareness topics.