Pakistan Studies MCQ #36678

A student links Jinnah's last months to institutional beginnings. Which application about state banking under his lifetime is most accurate?

Pakistan Studies MCQ #36678

  1. Question 1

    Q1. A student links Jinnah's last months to institutional beginnings. Which application about state banking under his lifetime is most accurate?

    • A) State Bank of Pakistan began operations on 1 July 1948 while he was still alive
    • B) State Bank of Pakistan opened only in 1958 after his death
    • C) He abolished every bank in Karachi in March 1948
    • D) Reserve Bank of India continued as Pakistan's sole note issuer until 1971

    Answer: State Bank of Pakistan began operations on 1 July 1948 while he was still alive

    Explanation: The State Bank of Pakistan was inaugurated on July 1, 1948, with Jinnah delivering its inaugural address in Karachi — one of his last major public appearances before his death on September 11, 1948. Jinnah used the occasion to outline an Islamic approach to banking and economic development.