Financial Regulation | MCQs

Explanation

Pakistan needs 12 votes out of 39 to exit the 'grey' list and move to the 'white' list.

To avoid 'black' list, it needs support of three countries.

China, Turkey and Malaysia are its consistent supporters.

Explanation

پاکستان میں پہلی مرتبہ زکوات کا نظام جنرل ضیاء الحق کے دور حکومت میں 1980 میں ہوا۔

Explanation

The Securities and Exchange Commission of Pakistan (SECP) regulates Pakistan's securities market and corporate sector. Its main responsibilities are:

• Supervising the capital market, including stock exchanges and brokerages.
• Regulating non-banking finance companies (NBFCs) such as leasing firms and mutual funds.
• Enforcing corporate governance and securities regulations for listed companies and public entities.

Explanation

The Anti-Money Laundering Act was passed in 2010.

It was designed to combat money laundering and financial crimes by establishing regulations and procedures for financial institutions.

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

صدرمملکت جنرل محمد ضیا ٗ الحق نے زکاة و عشر آرڈیننس 20جون 1980 کو جاری کیا

Explanation

The Financial Action Task Force (FATF) decided in February of this year to reconsider the matter later regarding the issue of Pakistan's alleged failure to curb financing for terrorism.

This decision indicates that FATF will revisit the issue at a later date to assess Pakistan's compliance with international standards for combating money laundering and terrorist financing.

Explanation

Explanation

 Availability of gold in the country

Under Article 24, the State Bank of Pakistan has the sole right to issue banknotes. The National Bank of Pakistan introduced the first urgent issue at face value of 5, 10,  100 rupees. It was printed by De La Rue & Company Great Britain and published between 1948 and 1960.

Explanation

The Securities & Exchange Commission of Pakistan is the financial regulatory agency in Pakistan.

Founded: January 1, 1999

Preceding agency: Corporate Law Authority