Central Bank | MCQs

Explanation

State Bank of Pakistan Act 1956 requires the Bank to "regulate the monetary and credit system of Pakistan" 

Explanation

According to SBP Act 2021, the governor of the State Bank of Pakistan (SBP) shall be appointed for a term of five Years

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Mr. Jameel Ahmad assumed the charge of Governor State Bank of Pakistan on August 26, 2022, after his appointment by the President of Pakistan for a period of 5 years.

Ms. Kamil is the first woman appointed as Deputy Governor of SBP.

Sh1-9-2023

Explanation

Explanation

According to SBP Act 2021, the governor of the State Bank of Pakistan (SBP) shall be appointed for a term of five Years

***

Mr. Jameel Ahmad assumed the charge of Governor State Bank of Pakistan on August 26, 2022, after his appointment by the President of Pakistan for a period of 5 years.

Ms. Kamil is the first woman appointed as Deputy Governor of SBP.

Explanation

Quaid-e-Azam Muhammad Ali Jinnah inaugurated  State Bank of Pakistan on 1st July 1948, aspired to build the economic and financial system of the country in line with injunctions of Islam.

Zahid Hussain the First Governor of the State Bank of Pakistan

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

Explanation

Discount rate