Economy of Pakistan
13 questions available
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Q1.The State Bank of Pakistan was inaugurated in which year?
Correct Answer: B
Quaid-e-Azam inaugurated the State Bank of Pakistan on 1 July 1948.
Q2.Which organization collects federal taxes in Pakistan?
Correct Answer: B
The Federal Board of Revenue (FBR) is responsible for federal tax collection.
Q3.The currency notes in Pakistan are issued by?
Correct Answer: C
The SBP has the sole authority to issue currency notes.
Q4.The first Pakistani coin/currency was issued in which year?
Correct Answer: B
Pakistan issued its own coins and notes in 1948.
Q5.The headquarters of the State Bank of Pakistan is in?
Correct Answer: B
SBP is headquartered in Karachi.
Q6.Zakat is deducted under which ordinance?
Correct Answer: B
The Zakat and Ushr Ordinance was promulgated in June 1980.
Q7.HBL was the first commercial bank of Pakistan established in?
Correct Answer: A
Habib Bank was founded in Bombay in 1941 and moved to Pakistan at independence.
Q8.Interest-free banking in Pakistan is called?
Correct Answer: B
Islamic banking operates under Shariah-compliant modes like Murabaha and Ijara.
Q9.National Bank of Pakistan was established in?
Correct Answer: B
NBP was established in 1949 to handle jute trade financing crisis.
Q10.Roshan Digital Account was launched for?
Correct Answer: B
SBP's RDA (2020) enables overseas Pakistanis to bank and invest digitally.
Q11.Under the State Bank of Pakistan (SBP)amendment Act, Governor of the State Bank of Pakistan is appointed for how many years?
Correct Answer: C
The SBP Governor is appointed for a term of 5 years under the SBP Amendment Act.
Q12.As of 2023, Pakistan is included in the roster of FATF:
Correct Answer: C
Correct Answer: White.
Q13.When was the State Bank of Pakistan inaugurated?
Correct Answer: A
The State Bank of Pakistan was inaugurated on 1 July 1948.