In Snowflake, when the account is located on Microsoft Azure, a valid source for an external stage can be an Azure container or a folder path within an Azure container. This includes Azure Blob storage which is accessible via the azure:// endpoint. A Windows server file share on Azure, if configured properly, can be a valid source for staging data files for Snowflake. Options A, B, and C are not supported as direct sources for an external stage in Snowflake on Azure12. References: [COF-C02] SnowPro Core Certification Exam Study Guide