What will be the Profit rate on three years plan for overseas Pakistanis who will invest in Pakistan Banao Scheme?
Correct answer: D. 6.25 percent payable bi-annually
- A. 6.75 percent payable bi-annually
- B. 6.25 percent payable annually
- C. 6.25 percent payable annually
- D. 6.25 percent payable bi-annually
Explanation
The three-year Pakistan Banao Certificates plan offered a 6.25 percent profit rate payable twice a year. Biannual payment is the key distinction from the annually payable options.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
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.
Practise Economy and Budget
509 free Economy and Budget MCQs from Pakistan Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Pakistan Current Affairs questions like this
Pakistan Current Affairs is on 80 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Economy and Budget questions
Who has become the first overseas Pakistani to invest in Pakistan Banao Scheme?
Which Bank launches One-Touch Banking biometric solutions for the first time in Pakistan?
how much amount approved for revival of two grounded PIA aircraft in Feb 2019?
What is the minimum amount fixed that an overseas Pakistani have to invest for registeration of Pakistan Banao Scheme?
PM Imran Khan has inaugurated 'Pakistan Banao Certificates' scheme to attract investment from_____________to help strengthen the national economy.
On January 04 2019, Pakistan finalized the terms and conditions of a support package of about 6.2 billion dollars with__________?