In Pakistan, which institution is primarily responsible for conducting monetary policy?
Correct answer: A. State Bank of Pakistan
- A. State Bank of Pakistan
- B. Federal Board of Revenue
- C. Ministry of Commerce
- D. Pakistan Bureau of Statistics
Explanation
The State Bank of Pakistan conducts monetary policy and works to maintain monetary and financial stability. The other institutions deal mainly with taxation, trade administration, or official statistics.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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