Which of the following is the Pakistan's central bank ?
Correct answer: A. State Bank
- A. State Bank
- B. National Bank
- C. Both of them
- D. None of them
Explanation
The State Bank of Pakistan is the country's central bank, responsible for monetary policy, currency issuance and regulation of the banking system. The National Bank of Pakistan is a commercial bank, not the central bank.
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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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Economics is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
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