As per SBP Act 2021, the governor State Bank shall be appointed for a term of___________?
Correct answer: D. 5 years
- A. 2 years
- B. 3 years
- C. 4 years
- D. 5 years
Explanation
The State Bank of Pakistan Act, as amended in 2021, provides a five-year term for the Governor of the State Bank. The term may be renewed according to the applicable legal provisions.
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About Constitutional Amendments
Constitutional amendments alter the structure, powers or interpretation of Pakistan's Constitution through the procedure in Articles 238 and 239, including the required parliamentary majorities and special rules affecting provincial boundaries. Key amendments include the Eighth, Thirteenth, Seventeenth, Eighteenth, Twenty-First and Twenty-Fifth, each linked to specific institutional or political changes.
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