Financial | MCQs

Explanation

Oldest bank in the world is located in Italy.

Bank of Venice is Founded in 1472,

Bank of Venice also known as the Banca Monte dei Paschi di Siena

Bank of Venice of Italy is the oldest surviving bank in the world.

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Explanation

Explanation

• The term "lender of last resort" refers to a central bank providing loans to commercial banks during times of financial crisis.
• This action helps stabilize the financial system by providing liquidity to banks facing liquidity shortages, thereby preventing widespread bank failures and systemic collapse.

Explanation

The primary objective of a central bank's monetary policy is achieving price stability and controlling inflation.

Explanation

Haji Muhammad Idris had long experience working on financial issues with the previous leader of the movement, Mullah Akhtar Mansour, who was killed in a drone strike in 2016.

Explanation

Afghanistan government foresees spending of 231.4 billion Afghanis ($2.6 billion) and estimates domestic revenues of 186.7 billion Afghanis.

Explanation

• In September 2022,  World Bank launched 'Financial Intermediary Fund' for the prevention of epidemics.
• The purpose of this Financial Intermediary Fund is to promote economic efforts in low and middle income countries to prevent epidemics like COVID-19.

Explanation

Financial pillar of Islam is Zakat.

Zakat is the 3rd fundamental pillar of Islam.

Zakat was made compulsory in 2 A.H but its complete system was imposed in the year of 8th hijrah.

The word Zakat occurs 32 times in the Holy Quran.

Explanation

The Reko Diq mine is located near Reko Diq town in Chagai District, Province of Balochistan.

It is one of the largest copper and gold mines in the world.

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The federal and Balochistan governments and two international firms — Antofagasta PLC and Barrick Gold Corporation 

have reached an agreement in principle on a framework to reconstitute the Reko Diq project, and a pathway for Antofagasta to exit the project.

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Which of the following court unfreezes PIA assets in the Reko Diq award case?

British Virgin Islands High court

Explanation

President Dr Arif Alvi on November 9, 2020 emphasized that elimination of corruption, enhancing efficiency, governance and taking care of the poor are the core areas which must be addressed for the development and progress of the country.