The National Bank of Pakistan (NBP) has been fined more than _________ million by United States authorities for anti-money laundering violations?
Correct answer: B. $55 million
- A. $45 million
- B. $55 million
- C. $75 million
- D. None of these
Explanation
The National Bank of Pakistan faced US penalties exceeding $55 million for anti-money-laundering and compliance failures. The amount reflected enforcement action by US authorities rather than a fine imposed by Pakistan's central bank.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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509 free Economy and Budget MCQs from Pakistan Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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