Banking History | MCQs

Explanation

• HBL Bank gave a loan to Pakistan for its first budget
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• HBL was the first commercial bank to be established in Pakistan in 1947
• HBL has a major market share in loans to small industries, traders, and farmers. 
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• HBL moved its operations to Pakistan in 1947 at the request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its foundation in the country

Explanation

The State Bank Museum & Art Gallery was established in 2004

It is a museum on Ibrahim Ismail Chundrigar Road in Karachi

In 2004, the State Bank of Pakistan decided to adapt the building as a museum

Work on the projects started in 2006 

History

The first Monetary Museum of Pakistan.

Previously, it was the Imperial Bank of India

That was a Greco-Roman building in Jodhpuri Red Sandstone, constructed in the 1920s by the British government.

Explanation

Allied Bank (ABL)(الائیڈ بینک لمیٹڈ) is the fifth largest commercial bank in Pakistan .

Allied Bank with its registered office in Lahore.

It was the first Muslim bank established before Pakistan became independence in 1942 with the name of Australasia Bank.

It was renamed to Allied Bank of Pakistan in 1974.