Which institution is the central bank of Pakistan?
Correct answer: A. State Bank of Pakistan
- A. State Bank of Pakistan
- B. National Bank of Pakistan
- C. Securities and Exchange Commission of Pakistan
- D. Federal Board of Revenue
Explanation
The State Bank of Pakistan performs central banking functions, including monetary policy and regulation of the banking system. The National Bank is a commercial bank, while SECP regulates companies and capital markets.
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About Finance and Banking Basics
Business finance covers capital requirements, sources of funds, budgeting, cash flow, investment decisions and basic financial statements and ratios. Banking includes commercial bank functions, deposits, loans, credit creation, interest and the role of a central bank, including its monetary policy and regulatory functions.
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