current affairs MCQ #4900

Which of the following best describes the role of the State Bank of Pakistan (SBP)?

current affairs MCQ #4900

  1. Question 1

    Q1. Which of the following best describes the role of the State Bank of Pakistan (SBP)?

    • A) It manages provincial budgets
    • B) It is the central bank responsible for monetary policy
    • C) It collects federal taxes on behalf of the government
    • D) It regulates the stock exchange

    Answer: It is the central bank responsible for monetary policy

    Explanation: The State Bank of Pakistan (SBP) is Pakistan's central bank, responsible for formulating and implementing monetary policy, issuing currency, regulating banks, and managing foreign exchange reserves.