Which type of client is most likely to use offshore banking services?

Q. Which type of client is most likely to use offshore banking services?
Answer: High-net-worth individuals (HNWIs) and multinational corporations
Notes: Offshore banking services are primarily used by high-net-worth individuals and multinational corporations seeking tax benefits, asset protection, and international diversification.

Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.

📌 Question Number: 11 in Offshore Banking in the above course in App.