Under the State Bank of Pakistan Act, which body is responsible for deciding monetary policy?
Correct answer: C. The Monetary Policy Committee
- A. The Federal Board of Revenue
- B. The National Economic Council
- C. The Monetary Policy Committee
- D. The Council of Common Interests
Explanation
The Monetary Policy Committee of the State Bank decides monetary policy, including the policy rate. The Federal Board of Revenue deals mainly with tax administration, not monetary policy decisions.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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