Banking Regulation | MCQs

Explanation

The State Bank of Pakistan is the central regulatory authority for the country’s banking sector.

It manages monetary policy and oversees all banking functions.

Explanation

Discount rate

Explanation

 The State Bank of Pakistan (SBP) is responsible for supervising the banking sector in Pakistan. 

Explanation

The National Bank of Pakistan (NBP) has been fined more than $55 million by United States authorities for anti-money laundering violations and for repeated compliance failures, it emerged on 24-02-2022.