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Q

Hard 1 Mark

General Knowledge Economy of Pakistan

Which institutions besides banks are part of Pakistan's financial system?

A Only agricultural cooperatives

B Insurance companies, investment firms, and microfinance banks

C Only the government treasury

D Only the State Bank

Explanation

Pakistan's financial system includes not just banks but also insurance companies, investment firms, and microfinance banks that collectively provide comprehensive financial services.

Reference: Economy of Pakistan - General Knowledge , Page 4

Hint

A financial system is broader than just commercial banks.

Explanation

Hint

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