Which institution has the exclusive authority to issue currency notes in Pakistan?
Correct answer: A. State Bank of Pakistan
- A. State Bank of Pakistan
- B. Ministry of Finance
- C. National Bank of Pakistan
- D. Securities and Exchange Commission
Explanation
The State Bank of Pakistan is responsible for issuing and managing Pakistan's currency notes under the law governing the central bank. The National Bank is a commercial bank, while the Ministry of Finance and SECP do not issue currency.
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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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